Education NAFOA Logo
NAFOA
1101 30th St, NW Suite 500

Washington, DC 20007 

 Resources


Considerations for Financial Statements and Related Notes:
Do users of the financial statements need or look at this information?
 
Is the presentation readily understandable?
 
Does it provide too much, too little or an appropriate level of detail?
 
Does it adequately address unique issues for tribes?

Voice Your Opinion on 
the GASB34 Statement 
 
The Governmental Accounting Standards Board (GASB) is seeking feedback on  Statement No. 34, Basic Financial Statements-and Management's Discussion and Analysis-for State and Local Governments (GASB34)

 

Engagement in the standards process can help ensure that tribal preparers' concerns and needs are heard by the GASB.  This is a unique opportunity for Indian Country to voice its opinion on how the format of the statements could be improved to best meet the needs of users of tribal financial statements, which may be significantly different from the needs of state or local governments. Many have previously expressed concern about the complexity of the current GASB model and its ability to effectively address issues that are unique to tribal governments and their tribal enterprises.  

 

Participate in the Survey: 

Your input is vital to the GASB standard-setting process. Please take a moment to complete the survey, which can be accessed by following this link: http://www.gasb.org/GASB-reexam-survey.

 

The survey will be open until Friday, June 6,2014. If you have questions, please contact Jennifer@nafoa.org

 

 

Growing Tribal Economies * Strengthening Tribal Finance