Which of the following publications is specifically identified in the GAAP hierarchy for state and local governments as authoritative?

Question

Quizplus · Accepted Answer

GASB Implementation Guides are specifically identified in the GAAP hierarchy for state and local governments as authoritative. FASB Accounting Standards Codification and GASB Concepts Statements are also important sources of guidance, but are not specifically identified as authoritative in the state and local government GAAP hierarchy. The GAO Yellow Book provides guidance for auditing government entities, but is not a source of GAAP for state and local governments.

Which of the Following Publications Is Specifically Identified in the GAAP