The GASB establishes accounting and financial reporting standards for U.S. state and local governments that follow generally accepted accounting principles (GAAP).

As resources allow, the GASB staff responds to technical inquiries about governmental accounting and financial reporting to support the uniform application of generally accepted accounting principles …

Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local …

The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, public officials, …

For additional information, please refer to the About GARS page or contact GASB Support.

Effective Date: Coincides with the effective date of GASB Statement 34 for the reporting government. That is, the requirements of this Statement are effective in three phases based on a government’s …

The GASB develops and issues accounting standards through a transparent and inclusive process intended to promote financial reporting that provides useful information to taxpayers, public oficials, …

Unless otherwise specified, pronouncements of the GASB apply to financial reports of all state and and local governmental entities, including general purpose governments; public benefit corporations and …

Unless otherwise specified, pronouncements of the GASB apply to financial reports of all state and local governmental entities, including general purpose governments; public benefit corporations and …

GASB STATEMENT NO. 103, FINANCIAL REPORTING MODEL IMPROVEMENTS Copyright © 2025 by Financial Accounting Foundation. All rights reserved. Certain portions may include material …