Recently issued GASB standards
This Governmental Audit Quality Center (GAQC) web event will provide auditors of state and local governments with a compilation of: Implementation considerations Auditing considerations Updates on Governmental Accounting Standards Board (GASB) Statement No. 101, *Compensated Absences*; GASB Statement No. 102, *Certain Risk Disclosures*; and GASB Statement No. 103, *Financial Reporting Model Improvements*.
This session is intended for auditors, but auditees may find it beneficial because accounting nuances will be covered.
In addition to exploring some of the more significant implementation challenges and key auditor considerations, specific topics to be covered include: Practical application tips on recently issued GASB standards Auditing considerations for new standards Helpful tips for auditors in developing an effective and efficient audit approach A summary of reporting matters relating to new standards Answers to common questions related to the new standards
Learning Objectives
- Determine the impact of new accounting standards and related implementation challenges.
- Identify key auditor considerations.
- Determine an effective and efficient audit approach.
Major Topics
- GASB Standards
- Government auditing
- Government accounting
- Financial statement audit considerations
- Emerging practice issues
- Practitioner views on tough questions
