GASB Statement No. 68 Audit and Accounting Workshop

Date: June 25, 2016 Time: 1:00 pm - 5:00 pm EST CPE: 4 Format: Webcast
EVENT 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. Topics Discussed:
• GASB Statement No. 68 accounting by governmental employers
• Pension plan disclosures

LEARNING OBJECTIVES
Recall new accounting requirements for single employer, agent multiple-employer, and cost-sharing multiple-employer plans.
Identify the substantial changes to methods and assumptions used to determine actuarial information.
Recall how net pension liability (asset), pension expense, and deferred outflows of resources and deferred inflows of resources related to pensions are calculated and derived.
Recognize 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.
Audit pension plan disclosures.
MAJOR TOPICS
GASB Statement No. 68 accounting by governmental employers
Pension plan disclosures
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing Government
CPE FIELD OF STUDY
(2 Credits) Auditing (Governmental) (2 Credits)
INSTRUCTOR(S)
Bruce Shepard
PREREQUISITES
Prior experience with governmental accounting and reporting
COURSE LEVEL
Intermediate
LOCATION
Online Webcast
Loading