The GASB requires that interim financial reports be prepared on a semiannual basis at a minimum.

Name: The GASB requires that interim financial reports be prepared on a semiannual basis at a minimum.
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The Governmental Accounting Standards Board (GASB) does not specifically require that interim financial reports be prepared on a semiannual basis. The frequency of interim reporting is generally determined by the needs of the stakeholders and regulations of the specific government entity.

The GASB Requires That Interim Financial Reports Be Prepared on a Semiannual