Whether you are a financial statement preparer or auditor, or you practice in state and local government, this guide provides you with advice for handling audit and accounting issues common to state and local governments.
You’ll get critical “how-to” guidance on planning, performing and reporting on your audit engagements; including financial reporting and the financial reporting entity, revenue and expense recognition, capital asset accounting, and the elements of net position.
New guidance for deferred inflows of resources and deferred outflows of resources
New guidance related to the financial reporting entity, including modifications of certain requirements for inclusion of component units and the criteria for blending component units
New requirements for expensing debt issuance costs
Updates to the illustrative auditor’s reports
GASB Statement No. 61, The Financial Reporting Entity: Omnibus—an amendment of GASB Statements No. 14 and No. 34
GASB Statement No. 65, Items Previously Reported as Assets and Liabilities
GASB Statement No. 66, Technical Corrections-2012-an amendment of GASB Statements No. 10 and No. 62
AICPA and GASB Government Standards Set [Subscription]
This discounted set gives you access to the full range of AICPA government-related literature combined with the GASB library, all in one convenient online subscription. Plus you’ll save money over the individual purchase prices. The set includes how-to advice and authoritative guidance, valuable discussion, best practices, hands-on tools, and much more. Follow the link above for details.