Final answer:
The statement is true as GASB standards do mandate a reconciliation from fund financial statements to government-wide financial statements, which helps in providing a comprehensive view of the government's financial status.
Step-by-step explanation:
The statement 'GASB standards require a reconciliation from fund financial statements to government-wide financial statements' is indeed true. The Governmental Accounting Standards Board (GASB) sets accounting standards for state and local governments. Such entities utilize fund accounting to separate resources according to their intended use and to adhere to legal and other constraints. The GASB requires that a reconciliation be included in the financial statements to explain the differences between the fund-based financial statements, which focus on short-term fiscal accountability, and the government-wide financial statements, which provide a longer-term, economic perspective. This reconciliation process ensures that financial information is transparent and that stakeholders can understand the different perspectives provided by the two types of financial statements.