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Governmental Accounting Standards Advisory Council

GASAC --- Governmental Accounting Standards Advisory Council --- an advisory body to the GASB made up of representatives from GASB constitutents. NACUBO has had a seat on the GASAC since its inception. Sue Menditto, Director, Accounting Policy, is currently NACUBO's representative on the GASAC.

GASB publishs articles for all constitutents; a list of relevant articles is provided below:

• Article about the GASB, covering the basics regarding how it was created, how it is composed, and how it sets standards.
• Blurb on Statement 52, Land and Other Real Estate Held as Investments by Endowments
• Two generic articles regarding the GASB's Exposure Draft on derivatives. One is designed for preparers and auditors and one is designed for users.
• Two blurbs regarding the GASB's Exposure Draft on derivatives. One appropriate for preparer and auditor organizations, and another appropriate for user organizations
• Blurb on Statement No. 50, Pension Disclosures
• Blurb on Statement No. 51, Accounting and Financial Reporting for Intangible Assets
• Blurb on Concepts Statement No. 4, Elements of Financial Statements
• Article about the GASB's project on Service Efforts and Accomplishments Reporting
• Generic article about the GASB's new Exposure Draft on pollution remediation obligations
• Article describing the ideal characteristics of a comment letter written in response to a GASB due process document
• Due process article about how the GASB sets standards
• Article about GASB public hearings and forums. It is a companion to the articles posted here about due process and comment letters.