Can you summarize ASB Marks $40$th Anniversary

A Message from the GASB Chair

The GASB held its first meeting on June $14,1984,$ at the Board$$s offices in High Ridge Park in Stamford, CT$.$ Since that day, our Board and staff have worked to develop and maintain high$-$quality accounting and financial reporting standards for state and local governments across the United States. Ultimately, those standards have helped ensure that users of government financial statements have access to information they can use to make decisions and assess accountability.

This year, we are commemorating our $40$th anniversary and honoring the legacy of the individuals whose hard work and service to the Board over four decades made it possible. Everyone who has worked on our Board and staff from $1984$ to the present is listed here. We have also included a photo gallery with pictures spanning our history and a video highlighting our current team. These are meant to remind us of where we started, how far we have come together, and of what has been most important all along. We will continue to strive to make the GASB the best place it can be for our Board and staff to work.

The contributions of thousands of GASB stakeholders over our $40$ years have also been invaluable to what we have accomplished so far$$and what we hope to achieve in the future. Thank you to everyone who has shared their time and expertise serving on our advisory council and task forces, responding to our proposals, sharing your thoughts in research interviews, and by offering your support in so many other ways. We truly could not have done it without you.

Finally, it is important to acknowledge the incredible support we receive from the Financial Accounting Foundation Trustees and staff. Their contributions to the work of the GASB over our first $40$ years should not be underestimated.

As we think about the first $40$ years with an eye toward the future, we will continue to issue standards as new transactions and governmental issues warrant them to provide users of government financial statements with information they need.

We are also thinking about the impact our standards have and dedicating resources to understanding the evolution of financial reporting, which includes the prospect of electronic, machine$-$readable financial reports or other ways in which new technologies will impact how our stakeholders prepare, audit, and utilize financial reports.

Thank you for our first $40$ years and we hope you will join us as we embark on the next $40.$ We will be sharing additional information and thoughts about the $40$th anniversary over the course of $2024$ both here and through our social media channels. Please reach out to me if you have any questions or would like to discuss anything I have mentioned.

All the best,

Joel Black $($GASB Chair$)$