The Government Finance Officers Association approved policy statements Tuesday calling on the Governmental Accounting Standards Board not to move forward with its “fiscal sustainability” project and for the Securities and Exchange Commission to scrap plans to consider requiring floating net asset values for shares of money market funds.

The GFOA approved the policy statements at its membership luncheon yesterday, during which Len Brittain, Toronto’s corporate finance director, became president of the group, succeeding Paul ­Maklem, general manager of corporate sustainability for Kelowna, British ­Columbia.

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