Accounting Standards Committee

Chairpersons: Joe Heffernan and Marie Stiegel

This committee monitors all GASB exposure drafts, and undertakes ad-hoc projects to support government finance officials. Recent activity includes responding to GASB proposals to change the general recognition and measurement of assets and liabilities (historical cost v. fair value, which assets/ liabilities to recognize under the current financial resources model, etc), as well as fair value measurements and disclosures. During 2013-2014 we will be working on model financial policies and procedures documents, which is intended to help members create better financial policies and procedures.</p>