FMSB Comments on GASB, IFAC Proposals

AGA's Financial Management Standards Board (FMSB) has issued two comment letters, one to the Professional Accountants in Business Committee of the International Federation of Accountants (IFAC) on its proposed Good Practice Guidance document, Costing to Drive Organizational Performance, and the other to the Governmental Accounting Standards Board (GASB) on its proposed Technical Bulletin, Determining the Annual Required Contribution (ARC) Adjustment for Postemployment Benefits. Read the IFAC letter. Read the GASB letter.