On the rare occasion that standards setting for governmental accounting and financial reporting gets broad media attention, it is generally for two reasons. The first is when the subject matter is of interest beyond the realms of CPA firms and governmental finance offices. The second occurs in the presence of vocal opposition or controversy. Projects on the current technical agenda are those that GASB board members are actively deliberating, as opposed to projects in a preliminary research and information-gathering phase. At its April 2007 meeting, GASB voted unanimously to add a project on service efforts and accomplishments (SEA) reporting. For nearly 40 years, the accounting profession and academia have recognized that SEA performance information is a key component of accounting and financial reporting by governments. The position that financial reporting includes SEA performance information is not a creation of FASB or GASB, but rather an established concept they were expected to further develop and bring to fruition as part of their mission.