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Resource Library – Financial Reporting for GAAP Governments

Keeping current on changing GASB standards and GAAP requirements can be challenging. These SAO checklists, worksheets, guides and best practices can help you assess reporting risks, verify data accuracy, and ensure you have considered all of the significant elements of your financial statements, including complex topics like asset retirement obligations.

Checklist: Data quality

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This checklist can help local governments verify the accuracy of the data they submit for their annual reports.

Last updated: August 2021

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Checklist: Financial reporting risk assessment

Risk assessments are essential to a strong control environment, allowing you to proactively identify and respond to risks or challenges. This customizable checklist can help local governments identify risks, prioritize them, and determine the appropriate response. 

Last updated: June 2022

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Guide: Identifying asset retirement obligations

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This guide offers tips and suggestions to help local governments reporting under GAAP identify possible asset retirement obligations (AROs) in accordance with Governmental Accounting Standards Board (GASB) Statement No. 83.

Last updated: October 2020

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Checklist: Preparing financial statements (GAAP)

This customizable checklist can help local governments reporting under GAAP ensure they do not miss important steps when preparing their financial statements.

Last updated: June 2022

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Best Practices: Implementing new GASB standards

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These best practices can help local governments make implementing any new standards from the Governmental Accounting Standards Board (GASB) a regular and manageable part of preparing their financial statements.

Last updated: 2017

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