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  • 14-01-2020
  • Business
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Both the GASB and the FASB require entities to include a management discussion and analysis in the financial reports.

Respuesta :

aaregbe
aaregbe aaregbe
  • 14-01-2020

Answer:

False

Explanation:

These two agencies do not need entities to add the breakdown of management in their financial report. GASB is the agency that is authorized to  the basics of accounting for different government levels. On the other hand FASB was established to ensure that not-for-profit organisations outlined their assets in the necessary categories.

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