What is not the correct answer about Generally Accepted Accounting Principles (GAAP).

	1.	One purpose of GAAP is to help governments provide policy makers and managers with the information needed to make decisions and assess accountability.
	2.	When GAAP and state laws or regulations disagree, GAAP prevails.
	3.	GAAP reporting information is only used by auditors.
	4.	GASB Statements are officially established accounting principles to follow GAAP.
	5.	The contents of the audited financial statements and notes are governed solely by GAAP