The study and an accompanying graphical summary found that 100% of states are using GAAP, but only 74% of audited counties studied by GASB are using GAAP and 71% of audited municipalities studied are ...

The US Governmental Accounting Standards Board (GASB) has released a preliminary views (PV) document seeking public feedback on proposals concerning accounting and financial reporting for severe ...

GASB issued guidance for certain types of capital assets to be disclosed separately for purposes of note disclosures. GASB issued a proposal that would establish requirements for certain types of ...

In the United States, two private-sector entities set the accounting standards for businesses: the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).