Status of Statement No. 1

Summaries / Status

Status of Statement No. 1
Authoritative Status of NCGA Pronouncements and AICPA Industry Audit Guide


Status

Issued: July 1984

Effective Date: On issuance in July 1984

Affects:

  • Continues the following pronouncements in force until altered, amended, supplemented, revoked, or superseded by subsequent GASB pronouncements (except to the extent previously superseded or incorporated in other pronouncements):
    • NCGAS 1, 2, 3, 4, 5, 6, and 7
    • NCGAI 2, 3, 5, 6, 7, 8 (but supersedes ¶16 and fn7), 9, 10, and 11
    • NCGACS 1
    • AICPA Industry Audit Guide, "Audits of State and Local Governmental Units" (1974)
    • AICPA SOPs 75-3, 77-2, 78-7, and 80-2
Affected by:

  • Paragraph 8 amended by GASBS 10, GASBS 14, GASBS 25, GASBS 27, GASBS 33, GASBS 34, GASBS 47, and GASBCS 1
  • Paragraph 9 amended by GASB 25 and superseded by GASBS 27
  • Certain NCGA and AICPA pronouncements continued in force (as listed in ¶12) have been amended or superseded by GASB pronouncements issued after GASBS 1. See individual pronouncements.
  • Appendix B modified by Jurisdiction Determination of the Financial Accounting Foundation Trustees, dated November 30, 1989. See OP Appendix C, ¶10 and ¶11.

Primary Codification Section References: Throughout
 



Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
BFC - Basis For Conclusions
NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
SOP - AICPA Statements of Position
ASLGU - AICPA Audit Guide
GASB Q&A - GASB Implementation Guides