September 30, 2013, letter commenting on GASB's Scope of Authority:
Published: Sep 30, 2013. Publicly Released: Sep 30, 2013.
This letter provides the U.S. Government Accountability Office's (GAO) comments on the Financial Accounting Foundation's (FAF) request for comments on GASB's Scope of Authority: Consultation Process. Under the revised proposal, the Trustees of the FAF would decide if certain information is within the Governmental Accounting Standards Board's (GASB) scope of authority. We appreciate the FAF's efforts to address comments received on the original proposal.