Service Efforts and Accomplishments Reporting: Has Its Time Really Come? |
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| Authors: | Richard E. Brown James B. Pyers |
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| Affiliation: | Professor of Accounting at Kent State University and Director of Integrated Government Services.;Director of Finance for the City of Wooster, Ohio. |
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| Abstract: | In April 1994 GASB released Concepts Statement No. 2, Service Efforts and Accomplishments Reporting , bringing required SEA external financial reporting a very large step closer to reality. Before long, public financial officials may be required to annually report measures of performance. We are now about halfway through the experimentation phase established in Statement 2. This article summarizes the status of GASB's SEA experimentation process. It then suggests important behavioral, auditing, and other issues which GASB ought to address before proceeding with any formal pronouncements regarding SEA reporting requirements. |
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