At the state and local level of the United States, the Government Accounting Standards Board (GASB) make the accounting and financial rules. A major change came in June 1999 when GASB introduced accrual and consolidated rules with fund accounting taking a secondary role.
In the United States, at both state and local levels, the Government Accountability Office for State and Local Governments (GASB) establishes the accounting and financial guidelines. A major shift took place in June 1999 when GASB implemented accrual and consolidated rules, with fund accounting taking a secondary position.