Governmental Accounting Standards Board

E453736

independent organization nonprofit organization standards-setting organization

The Governmental Accounting Standards Board is an independent organization that establishes accounting and financial reporting standards for U.S. state and local governments.

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Observed surface forms (1)

Surface form	Occurrences
Governmental Accounting Standards Board standards	1

Statements (50)

Predicate	Object
instanceOf	independent organization ⓘ nonprofit organization ⓘ standards-setting organization ⓘ
abbreviation	GASB NERFINISHED ⓘ
alsoKnownAs	GASB NERFINISHED ⓘ
appliesTo	accrual-basis financial statements of governmental activities ⓘ modified accrual-basis financial statements of governmental funds ⓘ
boardComposition	full-time board members ⓘ
country	United States of America ⓘ surface form: United States
differenceFrom	Financial Accounting Standards Board sets standards for private-sector and some not-for-profit entities ⓘ
field	governmental accounting ⓘ
focus	external financial reporting ⓘ general purpose financial statements ⓘ
founded	1984 ⓘ
founder	Financial Accounting Foundation NERFINISHED ⓘ
governanceStructure	board appointed by the Financial Accounting Foundation ⓘ
headquartersLocation	Norwalk, Connecticut NERFINISHED ⓘ
industry	accounting ⓘ financial reporting ⓘ
issues	Concept Statements NERFINISHED ⓘ Implementation Guides ⓘ Interpretations ⓘ Statements of Governmental Accounting Standards NERFINISHED ⓘ Technical Bulletins NERFINISHED ⓘ
jurisdiction	U.S. local governments ⓘ U.S. state governments ⓘ
language	English ⓘ
legalForm	private, non-governmental organization ⓘ
locatedInTimeZone	Eastern Time Zone ⓘ
method	due process procedures for setting standards ⓘ public comment on exposure drafts of proposed standards ⓘ
oversightBy	Financial Accounting Foundation Board of Trustees NERFINISHED ⓘ
parentOrganization	Financial Accounting Foundation NERFINISHED ⓘ
primaryUsersOfStandards	citizens ⓘ credit analysts ⓘ investors in municipal securities ⓘ legislators ⓘ oversight bodies ⓘ
purpose	establish accounting standards for U.S. state and local governments ⓘ establish financial reporting standards for U.S. state and local governments ⓘ improve usefulness of financial reports for users ⓘ promote accountability in governmental financial reporting ⓘ promote transparency in governmental financial reporting ⓘ
regionServed	United States of America ⓘ surface form: United States
relatedOrganization	Financial Accounting Standards Board NERFINISHED ⓘ
scope	governmental entities such as cities, counties, and school districts ⓘ local governments in the United States ⓘ state governments in the United States ⓘ
standardType	Generally Accepted Accounting Principles for U.S. state and local governments NERFINISHED ⓘ
website	https://www.gasb.org ⓘ

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Financial Accounting Foundation → hasSubsidiaryBody → Governmental Accounting Standards Board ⓘ

Financial Accounting Foundation → oversees → Governmental Accounting Standards Board ⓘ

Financial Accounting Foundation → supports → Governmental Accounting Standards Board ⓘ

Bureau of Accountancy → usesAccountingStandard → Governmental Accounting Standards Board ⓘ

this entity surface form: Governmental Accounting Standards Board standards