In GASB's hierarchy, what is included in Category B?

In GASB's hierarchy, Category B includes guidelines and literature that provide support for accounting practices. This encompasses both the GASB Statements and Technical Bulletins, which offer official accounting principles and standards established by GASB, as well as the GASB Implementation Guides and literature from the AICPA (American Institute of Certified Public Accountants), which provide valuable insight and interpretation relevant to these standards.

By acknowledging both the GASB Statements and Technical Bulletins alongside the guidance from the AICPA, Category B recognizes the importance of diverse sources of information that contribute to consistent and accurate financial reporting in governmental accounting. This highlights the collaborative nature of developing and understanding governmental accounting standards, as well as the significance of authoritative guidance in ensuring compliance and enhancing the quality of financial statements within the public sector.