The prospectus is reviewed by the GASAC and a final recommendation is made to the Board.
At that time, a project prospectus will be prepared for discussion by the GASAC and ultimately the Board.
this committee has conducted extensive interviews about the functioning of the GASB and GASAC
, their relationship to the FASB and FASAC, and to a lesser extent about the processes of the FASB.
The relationship between the FAF and the GASB also will be enhanced by a decision that the FAF and GASAC should be more active in raising funds for the GASB.
A week later, the FAF president and the GASAC chairman announced a new proposal that was to settle the issue.
The Review Committee has sought information on the attitudes of various constituencies toward the GASB and GASAC
and toward the current standard-setting structure and process.