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.
Key Interest Areas
AICPA Audit & Accounting Guide, State and Local Governments (SLG Guide)
GASB Pensions & OPEB: Issues & 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:
- AICPA Resources
- GASB Resources
- FAQs: State and Local Government Financial Statement Accounting and Auditing Matters and Auditor Reporting Issues Relating to COVID-19 – nonauthoritative guidance compiled by the AICPA staff to help (1) practitioners as they perform financial statement audit engagements of state and local governments; and (2) preparers of state and local government financial statements as they face the challenges of the pandemic.
- Archived GAQC Web event: 2020 State and Local Government Audit Planning Considerations (Access no-CPE archive)
Postemployment Benefits other than Pensions (OPEB)
- Chapter 14 of SLG Guide addresses accounting and auditing related to OPEB
- GASB Educational Resources on OPEB
Archived GAQC Web Events on State and Local Accounting & Auditing topics including:
- The Basics of State and Local Government Accounting and Auditing
- Fair Value
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 keep current with reviewing and drafting responses to GASB due process documents. The current list of documents available for public comment is available through GASB's website.
Letters written by the SLGEP and issued to GASB to communicate its views and positions on accounting and financial reporting proposals are available on the Financial Reporting section.