Week 4 – Discussion 1 No unread replies.No replies. Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated. Special Purpose Entity Reporting [WLO: 2] [CLOs: 1, 3, 5] Prior to beginning work on this discussion forum, read Chapters 8, 9, and 10 in the text, and review the Governmental Accounting Standards Board (Links to an external site.) website. GASB has issued standards regarding special purpose entity reporting. To explore this idea, go to the Governmental Accounting Standards Board (Links to an external site.) website, key in special purpose entity reporting in the search field, and hit enter. Then review GASBS 6 (not the Summary), and summarize this information in your own words. While no specific number of words is required, ensure you adequately cover the material for the class. Assume several paragraphs will likely be needed to summarize this material properly. For details on how to best summarize, review the Writing Center’s guide, Quoting, Paraphrasing, & Summarizing (Links to an external site.).