The City’s annual audit is conducted by an independent auditor in accordance with the auditing standards applicable to financial audits contained in Generally Accepted Government Auditing Standards (GAGAS) - also known as the Yellow Book which is issued by the Comptroller General of the United States. https://www.gao.gov/yellowbook
The City financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. https://gasb.org/
The City of Sandpoint Financial Policies and Guidelines