GASB Explains Service Efforts and Accomplishments Reporting Project


GASB released a fact sheet to explain its project to develop service efforts and accomplishments (SEA) reporting by governments. According to the GASB release, Basic Facts about Service Efforts and Accomplishments Reporting, the public reporting of key service performance indicators provides decision-useful information about the government’s actual accomplishments in pursuit of its goals and objectives. (Read the fact sheet here.)

The board says SEA performance information is necessary to explain the efficiency and effectiveness of government services. The Financial Accounting Foundation, which oversees GASB and FASB, declared in November 2006 that SEA reporting should be included within “general purpose financial reporting.”

GASB is reviewing public comments received on a proposed update to Concepts Statement no. 2, Service Efforts and Accomplishments Reporting. More information on the SEA reporting project is available at www.gasb.org and www.seagov.org.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.