GASB 63 Superseded GASB 39 and Debt is NEVER an Asset
Beaumont’s Slideshow to Justify Forged 2015 Audit was Debunked 7 Hours Before the Council Meeting
The entire point of ‘Accounting’ is to account for the money. Money is black and white. General Accounting Standards Board (GASB) sets the laws of accounting and once those laws are set – there is no debate. Accountants must follow the law. The only option an Accountant has when asked to do anything that violates the law and that is to walk out the door.
One option for an Accountant: Walk Out the Door.
And of course basic State and Federal Laws regarding Fraud, Forgery, and Aiding and Abetting Government Corruption apply, but there are additional laws governing certain occupations like lawyers and accountants.