Assessing the Impact of GASB Statement No. 34: The Usage of GASB 34 by Municipal Bond Analysts

• In Event: Municipal and Nonprofit Debt

Abstract

The new disclosure requirements brought about by the issuance of Governmental Accounting Standards Board Statement 34 have provided new information for users of government financial reports. This study reports the results of a survey of users of government financial reporting, specifically members of the National Federation of Municipal Analysts, asking for their perceptions about whether the new information provided by Statement 34 is valuable in their analyses, whether it has improved financial reporting by governments, and for suggestions for improving the information provided.

Author

• Rebecca Bloch, Fairfield University