This Governmental Audit Quality Center (GAQC) archived member Web event is intended to provide an overview of the various revenue streams governments have and the related accounting. While the Governmental Accounting Standards Board’s (GASB) accounting guidance on revenue recognition is not new, this session will address certain of the more complex and challenging areas.
About the Event
Over the last few years, there has been a lot of discussion about revenue recognition in the private sector. However, the GASB revenue recognition requirements present their own set of challenges for auditors of state and local governmental entities. This Web event will provide a refresher on some of the key GASB requirements in this area and related challenges. Specific topics will include:
- GASB Statement No. 33 and related nonexchange transaction issues;
- Other transactions that present revenue recognition challenges;
- Advice from an audit perspective; and
- An opportunity to have your specific questions answered.
About the Presenters
Linda Abernethy, CPA, is a partner with McGladrey, LLP with nearly 30 years of experience serving state and local governments including colleges and universities, local municipalities, counties, pension systems, special districts, state government, and some of the largest governments in the country. Linda is a member of the AICPA State and Local Government Expert Panel.
Michelle Watterworth, CPA, is a partner with Plante Moran with over 20 years of experience in the governmental auditing and accounting environment. She is responsible for oversight of the technical aspects of firm's governmental practice and for staff training, client education and oversight of the firm’s single audit practice. Michelle is a member of the AICPA State and Local Government Expert Panel.
Thank you for your interest in this GAQC Event.
Click on the below link, to listen to the archived Web event: