States and Local Governments Have Risks

GASB’s proposed statement Certain Risk Disclosures is close to being finalized, perhaps as early as the end of this calendar year. Potential new note disclosures may be needed by states and local governments. But the proposed standard also raises the question – do we need to look at risk with a fresh set of eyes? Hear how to assess risk of your state or local government, beyond the numbers in your financial statements.