February 14, 2019 comment letter on GASB's Financial Reporting Model Improvements & Recognition of Elements of Financial Statements

Members of the American Institute of Certified Public Accountants (AICPA) State and Local Government Expert Panel reviewed the Governmental Accounting Standards Board (GASB) Exposure Draft (ED), Fiduciary Activities Implementation Guide and offered comments.

The State and Local Government Expert Panel serves the needs of AICPA members on financial reporting matters and audit and attest matters relevant to audits of state and local government financial statements. The expert panel protects the public interest by bringing together knowledgeable parties in the state and local government industry to deliberate and come to agreement on key state and local government issues. It also plays a significant advocacy role through analysis and comment on exposure documents of the Governmental Accounting Standards Board (GASB) and other proposals affecting state and local governments.