State and Local Governments: Checklists and Illustrative Financial Statements

Overcome the complexities of financial statement preparation using disclosure checklists developed by the AICPA. AICPA Checklists and Illustrative Financial Statements for state and local governments identify the applicable reporting requirements that you need to know and apply. These checklists provide one comprehensive source for the required and recommended U.S. GAAP disclosures for state and local governments.

Whether you are preparing financial statements or auditing those financial statements, you’ll find the most comprehensive U.S. GAAP disclosure guidance available including updated illustrative financial statements and auditor’s reports. You can document the applicability of each requirement and reference the working papers where the support to a disclosure can be found. Purchasers of the online AICPA Resource subscription can download the checklist content into Microsoft Word for added flexibility.

The checklists have been updated to reflect authoritative pronouncements and interpretations issued as of April 30, 2011, including:

• GASB Statement No. 54,Fund Balance Reporting and Governmental Fund Type Definitions
• SAS No. 118, Other Information in Documents Containing Audited Financial Statements
• SAS No. 119, Supplementary Information in Relation to the Financial Statements as a Whole
• SAS No. 120, Required Supplementary Information