GAAP require state and local governments to include in their annual financial reports a budget-to- actual comparison

Question:

require state and local governments to include in their annual financial reports a budget-to- actual comparison showing actual results and original and final appropriated budgets. What are the advantages of requiring both the original and final appropriated budget amounts?
a. True
b. False
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...