What is the highest level of authoritative rules for state and local government accounting?
A) Technical Bulletins
B) Implementation Guides
C) Official Statements of GASB
D) Interpretations no longer in effect
E) Financial Accounting Standards

Question

Quizplus · Accepted Answer

The Official Statements of GASB are the highest level of authoritative rules for state and local government accounting. The other options (A, B, D, and E) are all lower levels of authority or no longer in effect.

What Is the Highest Level of Authoritative Rules for State