Financial Facts

September 4, 2014

FinancialFacts

By Vicky Steinruck

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.

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