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Navigating Component Units (GAQC)

Navigating Component Units (GAQC)

This Governmental Audit Quality Center Webcast will help practitioners and their auditors in understanding and navigating the financial reporting guidance for component units.

Do you have an AICPA membership? Log in to apply your member discount.



NASBA Field of Study

Accounting (Governmental)



CPE Credits



Jeff Markert, Michelle Horaney


3 months

Product Number


 Business & partner 
Product Details

Navigating guidance for component units for newer or seasoned staff

The Governmental Accounting Standards Board (GASB) accounting literature for component units has been amended numerous times over the years and many auditors and preparers struggle to navigate it.

This webcast will be helpful for staff newer to the governmental area, as well as for seasoned staff looking for a refresher. The following will be covered:

  • Key component unit definitions, requirements, and concepts
  • Common areas of challenge
  • Financial statement presentations
  • Available resources

Key Topics

  • Government Accounting
  • Government Auditing

Learning Outcomes

  • Identify key definitions and concepts
  • Analyze component unit accounting literature
  • Use available resources and tools

Who Will Benefit

  • Auditors and Preparers of Governmental Financial Statements
More Details
NASBA Field of Study
Accounting (Governmental)
Knowledge of GASB literature
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
2 hrs
Do you have an AICPA membership? Log in to apply your member discount.

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2 to 5 registrants

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6+ registrants

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Contact us
Jeff Markert
Jeff Markert, CPA, is a Partner with KPMG LLP with more than 22 years of experience serving state and local governments. Jeff recently transferred to KPMG’s Department of Professional Practice in New York City. In this role, he devotes significant time to emerging issues related to governments, including working with GASB in the development and implementation of new standards and providing technical assistance and training to KPMB personnel throughout the United States. Prior to joining KPMG’s Department of Professional Practice, Jeff spent 19 years in KPMG’s Chicago office and was the practice leader for KPMG’s Midwest public sector audit group. In this role, Jeff was responsible for government audit services and also served as the engagement partner for many of their larger and more complex state and local government entities. Jeff also currently serves as the Chair of the AICPA State and Local Government Expert Panel.
Michelle Horaney
Michelle is a partner in RSM’s public sector industry group. She is a member of the National Professional Standards Group and leads the firm’s national education practice. Michelle provides financial and compliance audit quality control reviews and consults on accounting and financial reporting matters to clients in the public sector, which include higher education (private, public and for-profit), nonprofit entities and governmental entities (cities, counties, school districts, native american tribes and special purpose governments). She assists engagement teams with complex audit, accounting and compliance matters. The clients and engagement teams Michelle supports are from all regions of the United States. She has been firm-designated as a subject matter expert for the accounting and reporting of alternative investments. Michelle assists in development of the firm’s audit policies and updating of audit and accounting manuals and guidance. She also assists with the development and updating of the firm’s manuals and tools related to performing Single Audits and program-specific audits which include guidance specific to student financial assistance programs. Michelle is involved in developing and teaching professional education courses on a national and regional level, both internally and externally. These courses include benchmarking, various higher education programs and Government Accounting Standards Board updates and implementation programs. She serves as the firm’s liaison with the Government Accounting Standards Board and participates in the AICPA’s Enhanced Oversight review program.

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Navigating Component Units (GAQC)
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