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How GASB reform can help address public pension underfunding

AUGUST 28, 2019 | by Ivan Osorio | COMPETITIVE ENTERPRISE INSTITUTE

“At FASB, all board members serve full time and are required to sever connections with firms or institutions they served before joining FASB’s board. But GASB board members other than the chair are part time and may be employed by other organizations, including state and local governments. As a result, at GASB it has been much easier for the regulated to control their regulator.”  

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