Tag Archives: GASB

GASB Chair Vaudt Encourages Input

State Board Report November 2014 Governmental Accounting Standards Board Chair David A. Vaudt told the NASBA audience that the comment he hears most is that “government financial statements are too long and complex,” and he assured the audience that the GASB will be looking at the length and complexity of the reporting model. The same…

FAF Revises GASB Scope Proposal

State Board Report September 2013 By classifying governmental financial information into three categories, the Financial Accounting Foundation (FAF) proposes to determine the standard-setting activity of the Governmental Accounting Standards Board (GASB). On August 20, the FAF released its “GASB Scope of Authority: Consultation Process– Revised Proposal,” based on the comments it received on its February…

Past Chair Vaudt to Head GASB

State Board Report May 2013 NASBA Past Chair David A. Vaudt (IA) has been named to serve as the next chairman of the Governmental Accounting Standards Board (GASB) effective July 1, 2013. Called Iowa’s “Taxpayer Watchdog” by Iowa Governor Terry Branstad, Mr. Vaudt has resigned his position as Iowa’s state auditor, a post he held…

Former NASBA Chair Appointed to Head GASB

David A. Vaudt to Begin Seven-Year Term Starting July 1, 2013 NASHVILLE, TENN (APRIL 5, 2013) — In a recent announcement, the Financial Accounting Foundation (FAF) has named former National Association of State Boards of Accountancy (NASBA) Chair and Iowa Auditor of State, David A. Vaudt, as the next chairman of the Governmental Accounting Standards…

Majority Rules at FASB and GASB

State Board Report March 2013 Decisions about the Financial Accounting Standards Board’s or Governmental Accounting Standards Board’s agenda setting, project planning and prioritizing of projects will no longer be given final approval by the FASB or GASB chairman, but by a majority vote of the respective board’s members during a public meeting. The policy change…

East, West Conferences Highlight Industry Issues

Author: David Costello, CPA, NASBA President and CEO
Posted: August 4, 2011