If governments are able to decide what information to provide in the form of RSI, how reliable do you think the information is overall? Can they choose to only provide the positive information or are they required to report at least a minimum amount of information to be in compliance with GASB?
It would seem that the financial statements and notes to the statements would compare to those provided in a for profit company but RSI is a different set of information altogether. What types of information can we ascertain from RSI? How does demographics, etc. play a part in illustrating the fiscal health of the government entity?
For a government do you think that this gives an accurate assessment of it’s fiscal health? What other information would make this a more comprehensive report? Does RSI bring anything additional to the table that would paint a more thorough financial picture?
When we compare businesses we know that the financial statements are going to be essentially the same and the comparison is fairly easy even if they are in different industries. How do you think the universities reporting differently would effect that comparison? Would we be able to draw the necessary parallels to get an accurate comparison?
I just need a few sentences for each question. a paragraph at the most