The FASAB requires more financial statements than are typically required of state and local governments.
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Q14: The only objective of the Governmental Accounting
Q15: The Financial Accounting Standards Board and the
Q16: FASAB, GASB and FASB standards are set
Q17: The Financial Accounting Standards Board sets financial
Q18: The format and content of supplementary information
Q20: GASB and FASB Concept Statements establish accounting
Q21: Fiduciary funds include agency, pension trust, investment
Q22: Fiduciary funds of a governmental unit use
Q23: Comparison of the legally approved budget with
Q24: FASB sets the reporting standards for private
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