GASB's Lease and SBITA Standards: Practical Implications and Adoption Challenges
GASB's requirements for leases and subscription-based information technology arrangements have changed. Get the key accounting and auditing issues you need to know.
Format
Webcast
NASBA Field of Study
Accounting (Governmental)
Level
Intermediate
CPE Credits
2
Instructor
Chris Pembrook, Jeff Markert
Availability
3 months
Product Number
WC4212786
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, Leases, and GASB Statement No. 96, Subscription-Based Information Technology Arrangements (SBITA).
Auditees may 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, 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
Key Topics
- GASB Statement No. 87 and No. 96
- GASB Leases and SBITAs
- Governmental auditing
- Governmental accounting
- Financial statement audit considerations
Learning Outcomes
- Apply the single model for recording leases and SBITAs
- Differentiate implementation challenges related to GASB Statement No. 87 and GASB Statement No. 96
- Determine key auditor considerations
- Determine an effective and efficient audit approach
Who Will Benefit
Auditors and Preparers of Governmental Financial Statements
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