CMET438 Colorado State University Comment Letters to GASB Paper

In the video entitled, GASB: 2018 Look Ahead (Links to an external site.)Links to an external site. the Governmental Accounting Standards Board (GASB) highlights the three areas of focus for the standard setters in 2018. Those areas include the financial reporting model, revenue and expense recognition, and note disclosures. As part of its standard-setting process, GASB issues an Invitation to Comment (ITC) to allow interested parties that might be impacted by the changes to provide feedback to the board for consideration before finalizing the standard under review. Written comments appear on the GASB Website (Links to an external site.)Links to an external site., under the Projects section.

For this exercise, please first view the video. Then, select one of the three areas of focus for 2018 listed above and find the written comments posted on the GASB website.

Choose at least two of the written comments (for the same area of focus) to summarize briefly and then provide your thoughts/comments on the feedback of those respondents.

Your document should be 250-500 words.