GASB staff completes study of GAAP utilization among U.S. state and local governments

GASB has completed a study of the utilization of Generally Accepted Accounting Principles (GAAP) by state and local governments in the U.S. 

The study identifies and categorizes state-imposed financial reporting requirements for state, county, municipal, and special district governments. In addition, the study includes a statistical model of the determinants of GAAP choice in the absence of a state requirement to utilize GAAP. 

The GASB staff's working paper is titled, “Financial Reporting Requirements for State and Local Governments: Evaluating GAAP Choice.” Both the staff working paper and a high-level graphical summary of the results are available here.