The board of trustees of the Financial Accounting Foundation today appointed Kristopher E. Knight, Delaware's deputy secretary of state and director of the state's Division of Corporations, to a five-year term on the Governmental Accounting Standards Board GASB. The FAF also reappointed veteran governmental auditor James E. Brown to a second term on the GASB.
The extensive data required to be disclosed by Statement 77, along with national media attention on each new announcement by the White House, will drive greater demand for transparency and accountability from governments on the use of tax abatements and their impact on other programs and priorities.
I still remember when I was newly appointed to the position of Pennsylvania state comptroller in 2007. There is so much to do it can be overwhelming at first. So I asked for advice from the outgoing comptroller, and his advice was simple and effective. He said, "get involved in NASACT." I didn't understand the wisdom of those simple words at the time, but I've come to really value our association.