“…77 signifies, limits and challenges abound. First, the high administrative costs for the state in overseeing local compliance, standardization, and quality resulted in large variations in the rigor and usefulness of the data among states, regions, districts, and even accounting firms (Fischer & Holmes, 2018; Wen & LeRoy, 2022). Second, not all reporting entities use GASB's accounting standards (e.g., Indiana and some parts of Kansas).…”