Over the last several years, the Governmental Accounting Standards Board (GASB) has issued significant standards covering pension and other postemployment benefits (OPEB) in which actuarial information plays a key role. Considering these standards, and the importance and materiality of the information being reported by governments, it is more important than ever for auditors to have an appropriate understanding of their responsibilities surrounding the work of the actuary.

This webcast is intended to help auditors gain this understanding. This GAQC webcast will address the role of the actuary, significant actuarial assumptions used in calculating pension and OPEB, and the nature of related audit evidence in governmental financial statement audits.