Frequency of Updates:Annually
Governmental Accounting and Auditing Disclosure Manual is the complete reference source for preparing all disclosures that GAAP and GAAS require or recommend for state and local governmental units. GAD contains sample footnote disclosures, financial statement presentations, and auditors’ reports for state and local governments. GAD incorporates all the currently effective pronouncements by major topic, regardless of their date of issue.
A key feature of the Manual is the integration of illustrations and examples with specific disclosure requirements. GAD also includes requirements and recommendations relevant to the Comprehensive Annual Financial Report, including those of component units and other stand-alone reports. It also includes guidelines and examples for offerings of state and local governmental securities.