What is the governmental accounting standards board? The Governmental Accounting Standards Board ( GASB) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States. As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization.What does gasb stand for in accounting? Governmental Accounting Standards Board. The Governmental Accounting Standards Board (GASB) is the source of generally accepted accounting principles (GAAP) used by state and local governments in the United States.Is the gasb a government agency? As with most of the entities involved in creating GAAP in the United States, it is a private, non-governmental organization. The GASB is subject to oversight by the Financial Accounting Foundation (FAF), which selects the members of the GASB and the Financial Accounting Standards Board, and it funds both organizations.What is the gasb technical inquiry service? The GASB staff provides a technical inquiry service to clarify existing guidance or provisions within existing literature. Email GASB Board members and staff. Please do not use these email addresses to change your mailing address, order publications and subscriptions, or submit a technical inquiry.