The GASB’s Initiative To Require SEA Reporting
WILLIAM C. RIVENBARK
PAQ, Vol. 27 No. 4, (2004)
The Governmental Accounting Standards Board (GASB) is exploring
an initiative that would require state and local governments to engae in
performance measurement. The GASB maintains that governmental
entities must embrace "service efforts and accomplishments" (SEA)
\reporting for accountability to be fully realized. This article examines
the feasibility of mandating SEA reporting for state and local governments
concluding that a reporting cannot be approved based on the six
characteristics that support general purpose external financial reporting.
A reporting requirement is only possible if it were based and supported
on the broader definition of accountability embraced by the GASB
which includes the operational performance of governmental entities.
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