GASB Matters

    GASB Matters 

    The AICPA Governmental Audit Quality Center (GAQC) helps its members meet the challenges of performing quality audits.  One significant industry the GAQC focuses  resources on is audits of state and local entities. The AICPA’s State and Local Governments Expert Panel (SLGEP) serves the needs of AICPA members on financial and business reporting and audit and attest matters. The Expert Panel protects the public interest by bringing together knowledgeable parties in the state and local government industry to deliberate and come to agreement on key state and local government issues.

    • GASB Pensions: Issues & Resources – one of the top areas of focus in governmental accounting is pensions. This page consolidates the various resources available to practitioners to assist with understanding the new standards and developing appropriate audit strategies.


    Key Interest Areas

    AICPA Guidance Addressing GASB Pension Topics


    Key Resources

    To help CPAs meet the challenges of performing quality audits in the unique and complex governmental auditing arena, the Center has assembled a wide variety of resources and tools, including:

    • Archived GAQC Events on GASB Matters including the following pension-related topics:
      • GASB Pensions: Are You Ready for June 30, 2015, Audit Implementation?
      • Overview of the New GASB Pension Accounting Standards
      • The GASB's Pension Standards:
        • Part 1: Considerations for Cost-Sharing Plans, Participating Employers, and their Auditors
        • Part II: Considerations for Agent Plans, Participating Employers, and their Auditors

    AICPA Publications

     

    Advocacy

    Comment Letters to GASB 
    The SLGEP routinely responds to GASB's requests for input on due process documents to communicate its views and positions on accounting and financial reporting proposals.

    • SLGEP members are currently reviewing and drafting responses to the following GASB due process documents which are available through GASB's website:
      • Leases
      • Financial Reporting for Fiduciary Responsibilities
    • January 29, 2015, comment letter on GASB's Exposure Draft, Tax Abatement Disclosures
    • January 28, 2015, comment letter on GASB's Exposure Draft, Comprehensive Implementation Guide No. 20XX-1
    • December 31, 2014, comment letter on GASB's Exposure Draft, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments
    • Read other comment letters the Panel has issued to GASB to communicate its views and positions on accounting and financial reporting proposals.

     

     Other Advocacy Efforts 
     

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