Government Accounting Standards Board (GASB)

The Governmental Accounting Standards Board (GASB) is a nonprofit organization that creates and updates accounting rules for government entities in the United States, such as cities, states, and public agencies. Its goal is to ensure transparency, consistency, and accuracy in how governments report their financial information. By setting these standards, GASB helps citizens, policymakers, investors, and other stakeholders understand the financial health and management of public resources, promoting accountability and informed decision-making across government entities.