Financial Reporting Branch

The Financial Reporting Branch establishes and maintains the state accounting standards, procedures, records, and reports that promote sound business practices while providing accurate financial reporting.

The Financial Reporting Branch is responsible for working with state agencies and national accounting standard-setting organizations to assure the Commonwealth of Kentucky complies with generally accepted accounting principles (GAAP) and the latest accounting standards established by the Governmental Accounting Standards Board (GASB) while also in accordance with state and federal requirements.