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T. The GAAP hierarchy governs what constitutes GAAP for all state and local governmental entities. It lists the order of priority of pronouncements that a
T. The GAAP hierarchy governs what constitutes GAAP for all state and local governmental entities. It lists the order of priority of pronouncements that a governmental entity should look to for accounting and financial reporting guidance. Which of the following sources has the greatest authority over government financial statements? A. AICPA Practice Bulletins B. GASB Technical Bulletins C. GASB Codification D. Implementation guides published by the GASB staff
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