Important New Cost-Sharing Pension Plan Guidance
The AICPA State and Local Government Expert Panel (SLGEP) has been engaged in numerous and complex discussions regarding accounting and auditing implementation issues facing governmental pension plans, the governmental employers that participate in those plans (employers or participating employers), and their auditors as a result of new pension accounting standards issued by GASB. Read GAQC Alert #244 to learn more about the two whitepapers relevant to cost-sharing multiple employer plans (cost-sharing plans), participating employers, and their auditors, that include critical information for a successful implementation of the standards; and about the numerous resources available.
Read GAQC Alert #243 the Latest Governmental Auditing Update
This GAQC Alert is intended to inform GAQC members about the following important developments: (1) Issuance of a Frequently Asked Question (FAQ) document by the Council on Financial Assistance Reform (COFAR) relating to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Gant Guidance); (2) OMB’s New guidance clarifying the audit procedures for the Procurement and Suspension and Debarment type of compliance requirement in the 2013 Compliance Supplement (Part 3-I); (3) Latest HUD lender news; and (4) New audit guidance issued by USDA Rural Utility Service for RUS loan and grant recipients and effective for December 31, 2013, year-end audits.
Read GAQC Alert #242 to learn about important registration information for an upcoming GAQC member-only Web event titled, Don't be the last to Know - Fraud in the Governmental Environment, scheduled for Wednesday, March 12, 2014, from 1:00 PM - 3:00 PM (Eastern). This event is intended to provide members with insight on what the auditing standards say about fraud, what clients can do prevent fraud, and a discussion of common fraud cases.
Member web events are held periodically and are archived on this page for convenient access.
GAQC Alerts contain critical and time sensitive information about governmental audit developments and this page contains archived Alerts issued to date.
GAQC has developed valuable tools to help members perform quality single audits.