LOS ANGELES - In the wake of Orange County, Calif.'s financial debacle, the Government Finance Officers Association will look at whether its disclosure guidelines need to be revised to assist investors in detecting high-risk investment tactics by issuers.

A GFOA disclosure task force will begin a review of the association's existing disclosure guidelines by March, and a draft of its recommendations will be ready by next summer, said Jeffrey S. Green, general counsel for the Port Authority of New York and New Jersey.

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