Prepare a written report citing GASB’s historical origin and mission, the standard-setting process, board composition, and the role of the Governmental Accounting Standards Advisory Council (15 pts).
Be sure to discuss its application and importance to the accounting profession and any additional insights you have gained from this research (5 pts).
Can you tell how to obtain a copy of the most recent Codification of Governmental Accounting and Financial Reporting Standards? You were able to access the site for free in part 1 because Athens State University pays for it. How much would it cost you to be a subscriber to the Codification site (5 pts)?
For the discussion portion of this assignment be sure to construct an introduction, body and conclusion (5 pts).
As always the use of proper grammar and spelling is anticipated (5 pts).
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