WASHINGTON — The Governmental Accounting Standards Board published an updated guide for rating agencies, institutional investors and other analysts Thursday in an effort to help them navigate state and local governmental financial statements.

The 434-page document, “An Analysts’ Guide to Governmental Financial Statements, 2nd Edition,” includes 125 annotated examples of financial statements, note disclosures and supporting schedules, as well as full sets of financial statements for a state government, municipality, school district and public university.

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