Government Accounting Standards Board


The Governmental Accounting Standards Board (GASB) is currently the source of generally accepted accounting principles (standards of accounting framework) used by state and local governments in the United States of America. 


The mission of GASB 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.