The next means describes the state and you may government reporting requirements that college areas need to heed. States have the constitutional expert toward supply out of degree, and, therefore, it incur the past duty to own financial accountability. Likewise, federal loans try distributed to regional districtsthrough the statesand want sufficient bookkeeping and you can revealing procedures. The newest Governmental Bookkeeping Requirements Panel (GASB), operating in auspices of your Monetary Bookkeeping Base (FAF), is responsible for the fresh new facilities and you may modify from Basically Accepted Bookkeeping Values (GAAP) having local and county governing bodies. Leer más