AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
product-image
State and Local Governments - Audit and Accounting Guide
Government
Publication

State and Local Governments - Audit and Accounting Guide

This authoritative guide offers complete coverage of audit and accounting considerations critical for both preparers and auditors.

$139 - $180
Do you have an AICPA membership? Log in to apply your member discount.

Format

Subscription

Availability

1 year

Product Number

WGGXX12

 Business & partner 
Product Details

To purchase the ebook or print version of this guide, go here.

The complete coverage you need.

State and local government audit and accounting is changing rapidly. Stay updated with the most current guidance.

Featuring insights and best practices for some of the more complex areas such as leases, fiduciary activities, pensions and postemployment benefits other than pensions (OPEB), this authoritative guide provides complete coverage of audit and accounting considerations critical for both preparers and auditors.

Due to the timing of the effective dates of SAS Nos. 134-140, this edition of the guide has been updated to reflect changes as a result of SAS Nos. 134-141. For auditors that are not early implementing SAS Nos. 134 – 140, it will be necessary for auditors to look back to the 2020 AICPA Audit and Accounting Guide State and Local Governments (as of April 1, 2020) (as of April 1, 2020) for the auditing guidance and illustrative auditor reporting in effect prior to SAS Nos. 134-140. The 2020 edition of the guide remains available in all formats in the AICPA store through www.future.aicpa.org. This edition of the guide is relevant to auditors that have implemented SAS Nos. 134 – 140 early and generally for all audits of financial statements for periods ending on or after December 15, 2021 (or as specified by the individual standard).

Topics covered also include:

  • Financial reporting and the financial reporting entity
  • Revenue and expense recognition
  • Capital asset accounting
  • The elements of net position
  • Accounting for fair value
  • Municipal securities offerings
  • Tax abatements

Updates

The changes in this edition of the guide for SAS Nos. 134-140 are significant and primarily are found in chapters 4, 13, 15, 16, and 17 and cover areas including auditor reporting, the auditor’s responsibilities relating to other information included in annual reports, the revised concept of materiality, and other changes necessary to reflect the new standards and related amendments. The changes made to this edition of the guide are identified in the Schedule of Changes appendix. Additionally, all the illustrative auditor’s reports included in chapters 16 and 17 and the appendixes of chapter 13 have been updated to reflect the new auditor reporting model.

AICPA and GASB Government Standards Set

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.

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.
Key Topics
  • This guide will help both auditors and financial statement preparers in the state and local government arenas to solve complex accounting and reporting issues, and implement newly issued authoritative accounting and auditing standards.
More Details
Access
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$180.00
AICPA Members
$139.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Cancellation Policy
View our Cancellation policy here
State and Local Governments - Audit and Accounting Guide
Nonmember Price
$180.00
Price excluding sales tax
$180.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content