Mark O. Sleuth, a recent accounting graduate, has been assigned to research several local governmental accounting and financial reporting issues. For each issue, rank the sources of guidance according to the governmental GAAP hierarchy.

ah Issue 1: The AICPA state and local government (SLG) Audit and Accounting Guide, a GASB Technical Bulletin, a leading governmental accounting textbook, a GASB Interpretation, and a FASB Statement.

Issue 2: A leading governmental accounting textbook, a GASB Implementation Guide, an article in a leading auditing journal, and a speech by a leading governmental accounting professor.

Issue 3: The AICPA SLG Audit and Accounting Guide, a GASB Statement, a journal article that summarizes current practice on the issue in the United States, notes from a telephone conversation on the issue with the GASB director of research, and a FASB Interpretation.

Issue 4: An AICPA Statement of Position (cleared by the GASB), an article by the managing partner of an international public accounting firm, a GASB Technical Bulletin, and a FASB Technical Bulletin.

Issue 5: The GASB Codification (Implementation Guide section), the AICPA SLG Audit and Accounting Guide, four articles from the Journal of Accountancy, and a leading governmental accounting textbook.