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GASB requests input on proposal related to disclosures about certain governmental risks

On June 30, the Governmental Accounting Standards Board issued a proposal that would require governments to disclose information about certain risks that could affect the level of services they are able to provide or their ability to meet obligations as they come due. The proposed Statement would provide an “early warning” about the financial effects of those risks.

Comments on the proposal are due by September 30.

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