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GASB 34 - A Blueprint For Change
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In addition, management must prepare a supplementary Management Discussion and Analysis -- a statement which cannot be prepared by outside auditors. To meet the requirements, Cities have had to review their accounting and reporting practices and modify their accounting procedures and practices in order to put in place an auditable system for valuing changes in fixed assets as well as the preparation of the Management Discussion and Analysis
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Many organizations have used outside assistance to prepare for the change in accounting and reporting practices.
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Long term we will see a shift from the short term financial view of how local government uses its economic resources.
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L PATRICK SAMSELL LLC can help you make those changes as well as provide financial and treasury management support to get you over the hump of the unexpected needs that affect all levels of government.
IF INTERESTED CONTACT PAT SAMSELL AT
L PATRICK SAMSELL LLC
7034 BRIDGEPORT CIRCLE
STOCKTON, CALIFORNIA 95207-2359
(209) 473-4725
FAX (209) 473-4745
email: patsamsell@patsamsell.com
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