Important GASB Statements for Your Tribe’s Gaming & Non-Gaming Businesses • GASB 76 The hierarchy of GAAP for State and Local Governments (for periods beginning after 6/15/15)
GAAP Hierarchy – GASB 76
• GASB Statements (Category A) • GASB Technical Bulletins; GASB Implementation Guides, and literature of the AICPA ‘Cleared’ by the GASB (Category B) • Then, non-authoritative accounting literature: o GASB Concepts Statements o FASB, FASAB, IPSASB, IASB o AICPA literature not cleared by GASB o Practices that are widely recognized & prevalent
BlueBird CPAs
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