Prior to the creation of the Governmental Accounting Standards Board in 1984, which of the following organizations had the greatest influence over accounting concepts, principles, and standards for state and local governments?

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Prior to the creation of the Governmental Accounting Standards Board (GASB), the NCGA was the primary organization responsible for developing accounting concepts, principles, and standards for state and local governments. The NCGA was established in 1968 and worked closely with the AICPA to develop accounting standards for government entities. However, the NACUBO primarily focuses on accounting and financial reporting issues for colleges and universities, not state and local governments. The Comptroller General of the United States also had some influence over accounting conceptual frameworks, but not to the same extent as the NCGA.

Prior to the Creation of the Governmental Accounting Standards Board