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State and Local Governments - Audit and Accounting Guide

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


  • New chapter providing guidance for governmental pension accounting and reporting
  • New guidance related to calculating the net pension liability under GASB Statement No. 68
  • Updates to the illustrative auditor’s reports


  • GASB Statement No. 67, Financial Reporting for Pension Plans – an amendment of GASB Statement No. 25
  • GASB Statement No. 68, Accounting and Financial Reporting for Pensions – an amendment of GASB Statement No. 27
  • GASB Statement No. 70, Accounting and Financial Reporting for Nonexchange Financial Guarantees
  • GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date – an amendment of GASB Statement No. 68

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.
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 at the bottom of the page and save!
eBook , 2015
Product# AAGSLG15E
Availability: eBook Download
AICPA Member:$69.00
Your Price:$89.00
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