In addition to financial statements and notes, the GASB requires governments to provide information on service efforts and accomplishments (SEA) in their reports to the public.

Question

Quizplus · Accepted Answer

The Governmental Accounting Standards Board (GASB) encourages but does not require governments to report on service efforts and accomplishments (SEA). Reporting SEA information is considered best practice for enhancing transparency and accountability but is not a mandated requirement in the financial reports.

In Addition to Financial Statements and Notes, the GASB Requires