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USF Accounting Professor Appointed to Governmental Financial Reporting Task Force

TAMPA, Fla. (Jan. 28, 2016) – A USF business professor has been named to the board that advises on technical issues, project priorities and other matters that affect standard setting for state and local governments' accounting and financial reporting.

The Board of Trustees of the Financial Accounting Foundation has appointed Jacqueline L. Reck to serve on the Governmental Accounting Standards Board's Financial Reporting Model Task Force. Reck, who has been involved with the Governmental Accounting Standards Board as a member of its advisory council since 2012, is the only accounting professor appointed to the 24-person task force charged with making improvements to financial reporting models in order to enhance the ability to assess a government's accounting and address certain application issues.

"Dr. Reck is an expert in governmental accounting and this prestigious appointment confirms what her colleagues at USF already know," said Moez Limayem, dean of the University of South Florida Muma College of Business. For "The depth and variety of experience, as well as her attention to detail and leadership skills, make her well-qualified to tackle this kind of challenging project."

Reck, who is also an associate dean for the USF Muma College of Business and the James E. Rooks and C. Ellis Rooks Distinguished Professor of Accounting, researches government accounting/auditing, accounting information systems and the reporting and use of non-financial information. Additionally, she coauthored the leading textbook in government and not-for-profit accounting.

She earned a PhD in accountancy from the University of Missouri-Columbia, and MAcc and BS degrees from USF. A Certified Public Accountant, Reck is also a member of the American Accounting Association, American Institute of CPAs, Association of Government Accountants, Government Finance Officers Association and Beta Gamma Sigma.

GASAC issues standards and other communications that help government officials demonstrate to their constituents their accountability and stewardship over public resources. Additionally, it works to educate the public, including financial statement preparers, auditors and users about its standards and the information those standards require governments to present in their financial reports.