The GASB ’ s Decision-Making P r ocess
The Statements of G ov ernmental Accounting Standards are the f inal step in the GASB ’ s decision-
making process. Standard setting has a number of specific steps with open and thorough study of the issues and public participation and input encouraged throughout the process.
Access the GASB’s website at www.gasb.org; click on the “Education” tab and then on “How Standards are Set.” Then read through the process described in the links on this page and prepare a one-page memorandum summarizing the steps the GASB takes before adopting a new govern- mental accounting standard.