Decisions about project plans, agendas and priorities at the Governmental Accounting Standards Board will now be made by a majority vote of the organization’s board, not solely by the board chair.

The change in GASB’s decision-making procedures was announced Tuesday by the Financial Accounting Foundation,  the nonprofit organization that oversees, administers and funds for GASB, which sets generally accepted accounting principles (GAAP) for state and local governments.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.