Auditing Implications for Recently Issued GASB Standards

Overview

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

Highlights

GASB Standards

Government auditing

Government accounting

Financial statement audit considerations

Emerging practice issues

Practitioner views on tough questions

Prerequisites

Knowledge of GASB literature and SLG financial statement audits

Designed For

Auditors and Preparers of Governmental Financial Statements

Objectives

Determine the impact of new accounting standards and related implementation challenges.
Identify key auditor considerations.
Determine an effective and efficient audit approach.