State and local government employers who participate in multiple-employer defined benefit pension plans may have difficulty obtaining the information required by GASB’s new pension standards to prepare employer financial statements. A new white paper prepared by the AICPA State and Local Government Expert Panel (SLGEP) provides best-practice solutions to addressing the issue. The white paper is available at tinyurl.com/loel7ah.
The AICPA Auditing Standard Board (ASB) has issued two interpretations that are designed to help implement the new GASB. These are available at tinyurl.com/mbnctf2.