Thursday, July 26, 2018

Government accounting

https://www.city-journal.org/html/zeroing-government-fraud-14955.html The Government Accounting Standards Board supposedly is supposed to promulgate accounting local and state government accounting standards in the interests and risk bearing of investors (think muni bonds) and taxpayers, but GASB has faced criticism over the years for aligning too closely with the interests of local governments. rather than investors and taxpayers* --- Winter 2017 article in City Journal