Status of Statement No. 1

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Continues the following pronouncements in force until altered, amended, supplemented, revoked, or superseded by subsequent GASB pronouncements (except to the extent previously superseded or incorporated in other pronouncements):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 SOPs 75-3, 77-2, 78-7, and 80-2
  • AICPA ASLGU
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  • Paragraph 9 amended by GASBS 25; superseded by GASBS 27
  • Certain NCGA and AICPA pronouncements continued in force (as listed in ¶12) have been amended or superseded by GASB pronouncements issued after GASBS 1.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.
Primary Codification Section References: Throughout

Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
GASBIG - GASB Implementation Guides		 NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
AICPA SOP - AICPA Statements of Position
AICPA ASLGU - AICPA Audit Guide (1974)
BFC - Basis For Conclusions

STANDARDS & GUIDANCE

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