CANCELLED: GASB Statement No. 68 Audit and Accounting Workshop (111273A-16)
Description
GASB Statement No. 68 changes the playing field for government
organizations. Learn about the landmark pension accounting changes and
how they change the accounting and financial reporting of pension
benefits. Practical examples illustrate the new accounting requirements
and more extensive note disclosures along with required supplementary
information. You’ll enhance your understanding of these significant
changes by working through case studies which address best practice
solutions when auditing state and local governments with agent and
cost-sharing plans.
Learning Objectives
Describe new accounting requirements for single employer, agent
multiple-employer, and cost-sharing multiple-employer plans
Understand the substantial changes to methods and assumptions used to
determine actuarial information
Explain how net pension liability
(asset), pension expense, and deferred outflows of resources and
deferred inflows of resources related to pensions are calculated and
derived
Understand the role of management specialists, auditor
specialists, and service organizations, and the related audit
implications
Distinguish the responsibilities of plan management, the
plan's auditor, employer management, and the employer's auditor in the
context of audits of government employers
Apply best practice
solutions in single employer, agent multiple-employer, and cost-sharing
multiple-employer plan audit engagements
Audit pension plan
disclosures
Major Topics
GASB Statement No
68 accounting by governmental employers Best
practice solutions for auditing single and multiple-employer plans
Pension plan disclosures
Provider
AICPA
Course Level
Intermediate
CPE Field of Study
Accounting (Governmental)
2
Auditing (Governmental)
2
Instructor(s)
Jeff Lieman
Prerequisites
Prior experience with governmental accounting and reporting
