
Episode #27
Demystifying Governmental Accounting, with Dean Mead
In this special summer break episode, we're live from the GFOA conference in Chicago with Dean Mead, Partner and Government & Public Sector Sub-Line Leader at Carr, Riggs & Ingram (CRI). Drawing on 25 years at the Governmental Accounting Standards Board, Dean walks us through what people most often misunderstand about governmental accounting, who actually reads and uses financial statements, and whether GAAP compliance is too heavy a lift for the tens of thousands of very small governments across the country. We also discuss the real cost of cash-basis reporting and what made some GASB standards so hard to implement.

