ABOUT US
About The GASB
Established in 1984, the GASB is the independent, private-sector organization based in Norwalk, Connecticut, that establishes accounting and financial reporting standards for U.S. state and local governments that follow Generally Accepted Accounting Principles (GAAP).
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Board Members
Board members are appointed by the Trustees of the FAF for a five-year term and may serve up to ten years. The chairman, who was appointed for a single seven-year term, serves full time and the six other members serve on a part-time basis. The members of the GASB are required to have knowledge of governmental accounting and finance and a concern for the public interest in matters of accounting and financial reporting.
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GASAC
The Governmental Accounting Standards Advisory Council (GASAC) is responsible for consulting with the GASB on technical issues on the Board's agenda, project priorities, matters likely to require the attention of the GASB, selection and organization of task forces, and such other matters as may be requested by the GASB or its chairman.
>> MoreGASB AND THE USER COMMUNITY
The primary purpose of the GASB’s standards is to give financial statement users information they need to make decisions and assess accountability.
>> MoreRULES OF PROCEDURE
Procedures followed by the GASB in establishing and improving standards of financial accounting and reporting of state and local governmental entities.
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The Board has a professional staff drawn from government, public accounting, and the user community.
>> MoreANNUAL REPORT
The current annual report, formatted for either your desktop or tablet, and an archive of reports from prior years.
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The GASB lets you know when due process and final documents are issued and keeps you informed about its standards-setting and educational activities. Sign up to receive updates about GASB publications and activities.
>> MoreBUDGET & FINANCIALS
The most current budget and financial information available on the GASB, FASB, our sister organization, and FAF, our parent organization.
>> MoreCAREERS
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