Read the following journal article: “25 Years of State and Local Governmental Financial Reporting— An Accounting Standards Perspective, ”The Government Accountants Journal, Fall 1992, and" the GASB turns 25: A Retrospective, "Government Finance Review, April 2009, Now go to http/pittsburghpa.gov/ controller/cafr for the city of Pittsburgh, and pick a CAFR that is more than 25 years old. Compare it to the CAFR for Pittsburgh for the most recent year.

Required 

Accounting for state and local governments has changed considerably over the years. Write a report to highlight some of the differences you noted between the process described before 2000 and the process that has been presented in this chapter and the preceding one in this textbook.