The Governmental Accounting Standards Board (GASB) sets accounting standards for state and local governments in the United States. It is an independent, private organization established in 1984. GASB publishes its guidance as Statements (for example, GASB 87).

For lease accounting, public sector organizations must apply GASB Statement 87 for fiscal years beginning after 15 December 2019. GASB 87 replaced GASB 13 and updated related guidance to create a single model for lease accounting. Under this model, most leases are recognized on the statement of net position.

GASB also addresses Subscription-Based Information Technology Arrangements (SBITAs). GASB Statement 96 defines SBITAs and explains how to account for them. This standard applies to fiscal years beginning after 15 June 2022.