Discussion Topic 2

Go to the Governmental Accounting Standards Board website (www.gasb.org). Read the article, “What is the Significance of GASB’s Conceptual Framework?” Journal of Government Financial Management, Winter 2009, pages 8–10, by Robert H. Attmore. Do you agree with the author’s thoughts on GASB’s Conceptual Framework? Why, or why not? Does this conceptual framework promote consistent and fair standards? Why, or why not?

Governmental Accounting Standards Board: Retrieved from http://www.gasb.org/