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Analysts seeking to better understand and navigate state and local governmental financial statements now have a new and updated resource to help them.

On Thursday, the Governmental Accounting Standards Board today published An Analysts’ Guide to Governmental Financial Statements, 2nd edition, a comprehensive, easy-to-understand primer for investment firms, rating agencies, institutional investors, mutual funds, bond agencies and legislative, oversight and research organizations that need financial information about state and local government financial reports.

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