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. If you choose to participate in the Government Finance Officers Association's award program for Small Government Cash Basis Reports, see the program requirements.