GASB Exposure Draft Offers Guidance on Debt: The GASB has received feedback from users of state and local government financial statements that governments may face risks with debt agreements that are not disclosed in the financial statements--risks that could affect their credit profiles.

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Author: Buikema, Todd

Position: The Accounting Angle

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GASB Exposure Draft Offers Guidance on Debt: The GASB has received feedback from users of state and local government financial statements that governments may face risks with debt agreements that are not disclosed in the financial statements--risks that could affect their credit profiles.

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