Which standard issued by the Governmental Accounting Standards Board in 1999 significantly modified fund accounting and created "a second group of financial statements based on an entirely different approach to financial reporting"?

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GASB Statement No.34 significantly modified fund accounting and created "a second group of financial statements based on an entirely different approach to financial reporting." It introduced the concept of government-wide financial statements, which provides a more comprehensive view of a government's financial position and performance. It also requires reporting on infrastructure assets and long-term liabilities.

Which Standard Issued by the Governmental Accounting Standards Board in 1999