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GASB Adds Project to Revisit Blueprint of Governmental Financial Statements

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NORWALK, Conn.--(BUSINESS WIRE)--The Governmental Accounting Standards Board (GASB) today added to its technical agenda a project to reexamine the financial reporting model for state and local government financial statements. The project’s objective is to make improvements to the existing financial reporting model, which was established in 1999 through Statement No. 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments, and subsequent related pr

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