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Demonstrate the added values provided by the reporting

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Problem 1: GASB Statement No. 34 has been widely criticized for mandating the preparation and presentation of government-wide statements. Critics contend that the benefits of the statements are not commensurate with the costs associated with preparing them. As the fiscal manager for a government unit enforcing adherence to these standards, critique the current requirements and demonstrate the added values provided by these reporting formats to the users.

Reference no: EM132935137

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