Purpose This paper documents the Government Accounting Standards Board (GASB) 34
literature, primarily in the areas of (1) accountability and improved reporting,(2) government …

SYNOPSIS GASBS No. 34 represents a dramatic shift in the way state and local
governments report and present general infrastructure assets. Using Comprehensive …

Purpose The purpose of this paper is to evaluate whether the additional infrastructure
information in US state financial statements improves infrastructure quality …

Local governments use single source forecasts to inform decision making, which can
constrain their ability to prepare for and respond to financial uncertainty. This unique context …

Two decades of research on municipal forecasting practice suggest that it is less advanced
than other sectors. Moreover, local forecasters have a greater error tolerance than peers …

We examine the factors that associate with local government decisions to comply with
Generally Accepted Accounting Principles (GAAP). GAAP non-compliance is surprisingly …

Results from a national survey of local government finance directors suggest that five years
after implementation, the post-Statement 34 accrual-based accounting model has done little …

GASB Statement No. 34 required state and local governments to report information
regarding general infrastructure in financial statements, to improve understanding of the …

In light of the increasing convergence between public and private sector accounting models,
should local governments be required to adopt requirements similar to the Sarbanes-Oxley …

Small local governments can use forecasts to strategically plan for the future. One concern,
however, is their proclivity to use judgmental rather than extrapolation or econometric …