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GASB Announces New Task Force

The Governmental Accounting Standards Board (“GASB”) has announced the formation of a revenue and expense recognition task force. Appointed by Chairman David Vaudt, the 23-person task force will create an application model for reporting revenues and expenses occurring from non-exchange, exchange, and exchange-like transactions.

A complete list of the revenue and expense recognition task force members is available on GASB.org.

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