OCBOA Cash / OCBOA Modified Cash Basis Financial Statements (commonly referred to as “GAAP look-alike”)

The following resources are provided to help governments understand the American Institute of Certified Public Accountants (AICPA) interpretation and its impact on their financial statements:

Financial Statements for Annual Financial Reports

Presenting an MD&A or a letter of transmittal is optional when preparing OCBOA statements. If you choose to present an MD&A or a letter of transmittal, see Governmental Accounting Standards Board (GASB) guidance.