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Determining the Appropriate GAAP to Follow and Reporting on Less than a Full Government

Oct 9, 2012 2:00pm ‐ Oct 9, 2012 3:15pm

Credits: None available.


This session will delve into two practice issues that preparers and auditors of state and local governments sometimes have to face. The first, coming up more often lately, relates to determining the appropriate GAAP (i.e., GASB vs. FASB) that an entity should be following. The second relates to situations where there is a need to prepare financial statements for something less than the full reporting entity (e.g., individual funds or departments). Such financial statements provide challenges in terms of determining what should be included versus excluded. The session will help you understand:

  • The sources of guidance that are available
  • The challenges involved in both areas
  • How others involved in these situations are addressing them



  • 0.00 - Auditing

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