Research the GASB and its mission. To do this assignment, follow instructions in Chapter 15 Exercise 15. Here you will conduct research on www.gasb.org citing the mission and purpose of the GASB. Also, research their current project agenda and the purpose of the GASB advisory council. Minimum length: 1 page, double spaced. Research the accounting issue and formulize your findings in a formal research memo. The formal memo should be in good form with proper grammar, conveying the results of your research.

Exercise15 Instructions: Go to the GASB website at http://www.gasb.org. Write a brief description of the mission of the GASB, its relation to the FASB, and the current project agenda of the GASB board. Are there any exposure drafts, discussion memoranda, and/or invitations to comment documents ourstanding to which you could respond? What is the purpose of the Governmental Accounting Standards Advisory Council?