State and Local Governments, 2016 (AICPA Audit and Accounting Guide)

The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards.The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.. About the AuthorFounded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative b

79, Certain External Investment Pools and Pool ParticipantsWho Will Benefit?Auditors who are auditing the basic financial statements of a state or local government in accordance with GAASFinance personnel of a state or local government responsible for financial reporting. 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. 76, The Hierarchy of Generally Accepted Accounting Principles for State and Local GovernmentsGASB Sta

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Ex