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Publications

State and Local Governments - Audit and Accounting Guide

Publisher: AICPA
  • $89.00-$109.00
    State and Local Governments - Audit and Accounting Guide In Stock Product #: AAGSLG16P
    AICPA Member: $89.00
    Non-Member: $109.00
  • $79.00-$99.00
    State and Local Governments - Audit and Accounting Guide eBook Download Product #: AAGSLG16E
    AICPA Member: $79.00
    Non-Member: $99.00
  • $109.00-$139.00
    State & Local Governments Audit Guide and Audit Risk Alert Online Access Product #: WGG-XX
    AICPA Member: $109.00
    Non-Member: $139.00

Whether you are a financial statement preparer or auditor or you practice in state and local government, this guide provides you with advice for handling auditing and accounting issues common to state and local governments.

You’ll get critical “how-to” guidance on planning, performing, and reporting on your audit engagements; including financial reporting and the financial reporting entity, revenue and expense recognition, capital asset accounting, and the elements of net position. This new edition covers fair value measurement, auditing and accounting guidance for governmental pensions, and more.

This guide helps both auditors and financial statement preparers in the state and local government arena to solve complex accounting and reporting issues.

Key Benefits:

  • Updates to address accounting and auditing considerations for investments and certain equity interests as a result of GASB Statement No. 72
  • Audit guidance for investments
  • Illustrative auditor’s reports
  • Accounting and reporting guidance for governmental pensions
  • Audit guidance for governmental pensions

Updates:

  • GASB Statement No. 72, Fair Value Measurement and Application
  • GASB Statement No. 76, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments
  • GASB Statement No. 79, Certain External Investment Pools and Pool Participants

Who Will Benefit?

  • Auditors who are auditing the basic financial statements of a state or local government in accordance with GAAS 
  • Finance personnel of a state or local government responsible for financial reporting

Discounts

AICPA and GASB Government Standards Set [Subscription]
This discounted set gives you access to the full range of AICPA government-related literature combined with the GASB library, all in one convenient online subscription. Plus you’ll save money over the individual purchase prices. The set includes how-to advice and authoritative guidance, valuable discussion, best practices, hands-on tools, and much more. Follow the link above for details.

This product is also available in an online subscription format that includes the corresponding State and Local Governmental Developments - Audit Risk Alert, content updates and unlimited online access for 1 year. Select the Online Subscription option and save!

Information about the eBook option

If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:

  • Download and activate Adobe Digital Editions® - a free program for accessing eBooks
  • Return to the AICPA Store and go to My Account > My Downloads
  • Click the eBook title to download and open automatically in Adobe Digital Editions

Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the AICPA Store Service Center at service@hq.cpa.com or call 888-777-7077.

System Requirements

About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.