Applying special purpose frameworks in SLG financial statements

This AICPA practice aid is intended to provide accounting and auditing professionals with guidelines and best practices to promote consistency and for resolving the difficult questions of special purpose framework application, specifically for the financial statements of state and local governments. With the relative complexity of the state and local government financial reporting model, questions are often faced by financial statement preparers and auditors regarding the applicability of Governmental Accounting Standards Board (GASB) accounting principles and financial reporting requirements to