The Mission of the _________Is to Establish and Improve Standards

The mission of the _________is to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports, and guide and educate the public, including issuers, auditors, and users of those financial reports. ___________establishes new requirements for the annual financial reporting for state and local government.

A) Generally Accepted Accounting Principles (GAAP) , GASB's Statement No. 34
B) GASB's Statement No. 34, Generally Accepted Accounting Principles (GAAP) ,
C) UNIFORM BUDGETING AND ACCOUNTING ACT Act 2 of 1968, GASB's Statement No. 34
D) Governmental Accounting Standards Board (GASB) , GASB's Statement No. 34