Government


An independent report commissioned and released publicly by FAF reviewed GASB’s activities as the standard setter for state and local governments. FAF is GASB’s parent organization.

The report advised FAF and GASB to consider:

  • Developing a plan to work toward improving the timeliness with which GAAP financial reports are issued.
  • Exploring the meanings and dimensions of accountability in practice and the conceptual framework, with an emphasis on research from public administration.
  • Analyzing the potential for expanding due process.
  • Clarifying the desired policymaking strategy with regard to being proactive or reactive as well as narrow or broad.


The full report is available at tinyurl.com/bng5cdy.

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Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

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