The GASB’s Pension Standards Part II: Considerations for Agent Plans and Participating Employers – Member Web Event 


    The Governmental Accounting Standards Board (GASB) pension standards for plans are effective for the first time for June 30, 2014, year-ends. The first effective date for governmental employers is June 30, 2015, year-ends. If you have not heard it by now, we cannot stress enough that there are going to be numerous implementation issues, specifically pertaining to multiple-employer plans. If not prepared, some of these issues could lead to modified audit opinions. This Governmental Audit Quality Center (GAQC) two-part Web-event series tiled, Two-Part Series: New GASB Pension Standards Considerations for Plans, Employers, and their Auditors, is intended to provide key information to financial statement preparers (both plans and employers), as well as their auditors, on the nuances of issues related to cost-sharing multiple-employer and agent multiple-employer plans.

    Click here to access The GASB’s Pension Standards Part I:  Considerations for Cost-Sharing Plans, Participating Employers – Member Web Event

    About the Event

    This GAQC Web event, Part II of a two-part series, is intended to provide key information to financial statement preparers (both plans and employers), as well as their auditors on the nuances of issues related to agent multiple employer plans. Participants in this Part of the GAQC Pensions series will learn about:

    • The accounting standards relating to agent plans, both for the plan and employer; 
    • Best practices for plans to ensure that employers are provided sufficient, appropriate evidence to support their financial statement amounts and disclosures; 
    • Issues surrounding implementation and audit concerns, including the potential for modified opinions; and 
    • Guidance the AICPA has developed or is working on in this area.

    About the Presenters

    Joe Heffernan, CPA
    Joe is a Partner in Plante Moran’s Southfield, MI office and a current member of the AICPA’s State and Local Government Expert Panel. Joe began serving state and local governments in 1979, and he is currently in the partner in charge of professional standards for Plante & Moran’s public sector and the firm’s thought leader in the governmental industry.

    Jim Lanzarotta, CPA
    Jim is a Partner and the leader for Moss Adams' governmental services group, and his area of practice includes government and GASB-reporting not-for-profit organizations including, cities, counties, port and transportation authorities, university and college foundations, public retirement systems, sewer and water districts, and numerous other organizations. He was previously the Chair of the AICPA State and Local Government Expert Panel.

    Archived Web Event Listening Instructions

    You should print out and have available the, The GASB’s Pension Standards Part II: Considerations for Agent Plans and Participating Employers – Member Web Event slides (PDF or PowerPoint).

    Thank you for your interest in this GAQC Event.

    Click on the below link, to listen to the archived Web event:

    http://www.aicpa.org/News/AICPATV/Pages/home.aspx?bctid=4013148623001




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