This resource will help you identify significant risks that may affect your audits of State and Local Governmental entities, understand new and pending accounting guidance impacting GAAP financial statements, and assist in planning and performing upcoming audits of state and local governments in accordance with GAAS.
Provides auditors with an overview of recent economic, industry, technical, regulatory, and professional developments that may affect their audits and other engagements.
Assists an entity’s internal management in addressing areas of audit concern and identifying issues significant to the industry.
Contains up-to-date information on emerging practice issues, such as recent changes in the municipal securities market.
Addresses key audit issues such as group audits and related parties, as well as recently issued GASB pronouncements and related guidance.
GASB No. 70, Accounting and Financial Reporting for Nonexchange Financial Guarantee
GASB No. 69, Government Combinations and Disposals of Government Operation
GASB No. 68, Accounting and Financial Reporting for Pensions
GASB No. 67, Financial Reporting for Pension Plans.
Who Will Benefit:
This Alert is a vital resource for state and local governments, and their auditors, who prepare financial statements in accordance with a special purpose framework. This alert also can be used by an entity’s internal management to address areas of audit concern.
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.