Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
GASB Just Dropped New Numbers on GAAP in Government Finance
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe26 MAR 2025 / GASB REPORTING
A study by the Governmental Accounting Standards Board (GASB) reveals that local governments are voluntarily adhering to the Generally Accepted Accounting Principles (GAAP) even when not legally required to do so, indicating a high level of trust in these standards. The shift towards voluntarily using GAAP, a set of accounting standards aimed at ensuring the consistency and comparability of financial information, is significant for policymakers and finance professionals, as it impacts borrowing terms, encourages standardised reporting, and augments financial transparency.
If you thought GAAP was just a "because-they-have-to" kind of deal, think again. A recent study from the Governmental Accounting Standards Board (GASB) shows that even when it’s not required, local governments are still stepping up and sticking to GA...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Earn CPE Credits by Simply Reading Articles – Starting at Just $199/Year!
50 of the Top 200 Accounting Firms trust MYCPE ONE for their team’s learning-why not you? With 15,000+ approved content hours, 500+ emerging subject areas, and automated compliance tracking, staying ahead has never been easier.
We don’t just create boring tax, accounting, and audit content-our platform offers engaging, insightful, and trending material that your team will actually enjoy while earning CPE credits.
Sign up today, go through the comprehensive list of features and unlock unlimited learning!
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
-1772117816.webp)
