Respond to the following question with a 200 - 300 word response and include personal or work experience where applicable. The Governmental Accounting Standards Board [EASE] is a private, nonprofit organization formed in 193d- to develop and improve accounting and nancial standards for state and local governments. In June, 1999, EASE approved EASE34, entitled Basic Financial Statements-and Managements Discussion and Analysis- for State and Local Governments. This statement establishes nevr.r requirements for the annual nancial reports of state and local governments. There are approximatetg.r six major requirements outlined in BASE34 one of these is "Required Supplementary Information" [RSI]. Describe this requirement and discuss the changes in reporting requirements RSI now requires of state and local governments