NASACT, an unincorporated association, follows accounting principles prescribed by the Governmental Accounting Standards Board. For annual financial reporting purposes, NASACT is considered a special-purpose government and reports all operations as business-type activities using the economic resources measurement focus and accrual basis of accounting.

The NASACT Community

NASACT serves as the premier organization working to bring together state auditors, state comptrollers and state treasurers to cooperatively address government financial management issues. NASACT also manages two secretariats - the National State Auditors Association (NSAA) and the National Association of State Comptrollers (NASC). Both NSAA and NASC are included under the umbrella of NASACT’s budget and utilize staff hired by NASACT.