GASB publishes implementation guide on statement 44 statistical section.

• Position: Accounting & auditing news

The Governmental Accounting Standard Board has published a Guide to Implementation of GASB Statement 44 on the Statistical Section. The guide was prepared by GASB staff primarily to assist preparers and auditors of governmental financial statements and those that advise them as they implement the updated and expanded statistical section. The statistical section is the part of a state or local government's comprehensive annual financial report (CAFR) that presents trend information for the last 10 years about a government's...