Working at the GASB, I was surrounded by passionate and curious thinkers who were always striving to make government financial statements better. It was invaluable to participate in the standards-setting process and learn from the many perspectives of the users, preparers, and auditors of financial statements who interact with the GASB. An outcome of my fellowship that I expected was a more in-depth understanding of the standards, but what I unexpectedly, and more importantly, gained was an understanding of why the standards are the way they are and why it’s integral that they continue to evolve.
It was really informative to get a behind the scenes look at the intricacies of the project cycle and the operations of the GASB and staff. I developed a broader range of technical and writing skills as a result of being exposed to government practices outside my primary market. The work experience was so much different than auditing and I had the opportunity to work on projects in several different phases of due process including pre-agenda research, preliminary views and exposure draft. I enjoyed the opportunities to network with individuals from around the country who participated in our research and project feedback. I enjoyed my time at the GASB and felt very fortunate to be able to bring this experience and knowledge back to my firm.
Susannah M. Baney
Baker Tilly Virchow Krause, LLP
Oak Brook, IL
The unique opportunity to have a first-hand look into the standard setting process as a Practice Fellow was an unexpected turn in my career path. The entire GASB staff was extremely welcoming during my transition and I learned so much about the process and projects. I was very pleased to be able to make real contributions to the GASB during my time there and to bring important insights back to my firm once my term was over.
My two and a half years as a GASB Practice Fellow were exceptionally rewarding both professionally and personally. The technical experience I gained and the professional contacts I made while serving as a Practice Fellow helped credentialize me within the state and local government industry. Further, being in the unique position of developing accounting standards provided me a perspective and a discipline of thought 180 degrees from the traditional role of an auditor assisting clients to interpret and implement such standards. On a personal level, the team at GASB was a pleasure to work with and was supportive of the accomplishment of my goals and objectives while serving as a Practice Fellow. I would highly recommend the GASB Practice Fellow position to anyone who is presented with the opportunity to serve in such a role.
My fellowship at the GASB not only allowed me to hone my technical skills, but it allowed me to enhance my writing and presentation skills, as well. If I can take a position, describe it in writing, present it to the Board members and field questions on it, speaking to an audit committee or a board of one of my clients should be easy. When I look back on my career, I am confident my time at the GASB will be a real highlight.
Todd A. Webster