Leases and SBITA Made Simple
This Governmental Audit Quality Center (GAQC) Web event will provide auditors of state and local governments with a compilation of implementation considerations, auditing considerations, and commonly asked questions on Governmental Accounting Standards Board (GASB) Statement No. 87, [ital] Leases, and GASB Statement No. 96, [ital] Subscription-Based Information Technology Arrangements (SBITA). Auditees may also find the session useful as well.
In addition to exploring some of the more significant implementation challenges and key auditor considerations, specifics topics to be covered include the following:
Practical application tips on GASB's leases and SBITA standards
Auditing considerations for lease and SBITA assets, liabilities, and other related financial statement amounts
An overview of the new chapter on leases in the AICPA Audit and Accounting Guide, [ital] State and Local Governments
Helpful tips for auditors in developing an effective and efficient audit approach
A summary of reporting matters relating to new standards
Answers to common questions related to the new standards.