2019 GAU Course Description

Date:             

June 5, 2019 | 8:15 a.m. to 4:45 p.m.

Location:     

The McKimmon Conference and Training Center
N.C. State University
1101 Gorman Street
Raleigh, NC 27606 
 

Objective:    

To provide an update of recent activities of the Governmental Accounting Standards Board (GASB), updates on auditing standards, and updates on current events in the accounting profession. 

Content:         

Accounting Update

  • What's going on out there - a current events look at the accounting profession

GASB Update

  • GASB 83, Certain Asset Retirement Obligations
  • GASB 84, Fiduciary Activities - including the Implementation Guide Exposure Draft
  • GASB 87, Leases - including the Implementation Guide Exposure Draft
  • GAST 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements
  • GASB 89, Accounting for Interest Cost Incurred before the end of a Construction Period
  • GASB 90, Majority Equity Interests - an amendment of GASB Statements 14 and 61
  • GASB Preliminary Views, Financial Reporting Model Improvements
  • GASB Invitation to Comment, Revenue and Expense Recognition
  • GASB Exposure Draft, Conduit Debt Obligations

Auditing Standards Update

  • SAS 132, Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
  • SAS 133, Auditor Involvement with Exempt Offering Documents
  • Exposure Document - Changes to Independent Auditor's Report
  • Yellow Book Update

Instructor:   

  • Jerry Durham, CPA, CGFM, CFE, Assistant Director, Tennessee Division of Local Government Audit

CPE Credit Offered:         

Eight hours

Materials:     

Will be available in advance on the OSC web page

Teaching Method:         

Lecture

Breakfast:           

Available beginning at 7:30 a.m. (scrambled eggs, bacon, potatoes, and pastries)

Lunch:           

12:00 p.m. – 1:00 p.m. (grilled pork tenderloin, barbecue chicken, sides, salad, and dessert)

Prerequisites:  

Employed by a State agency or institution that is part of the State financial reporting entity (i.e., an entity included in the State’s Comprehensive Annual Financial Report)

Advance Preparation:  

None

Level:             

Basic

DEVELOPERS:  Tennessee Comptroller of the Treasury

SPONSOR:  NC Office of the State Controller