Financial statement preparers and auditors are still recovering from the implementation of the Governmental Accounting Standards Board's (GASB) most recent pension standards. Now those same preparers and auditors face the additional challenge of complying with the GASB’s new standards on other post-employment benefits (OPEB). While the GASB’s new guidance on OPEB is closely patterned on its pension guidance, there are some important differences. Moreover, practical differences between pensions and OPEB create special implementation challenges. This session will review the GASB’s new OPEB standards, placing special emphasis on what sets that guidance apart from the GASB’s earlier guidance on pensions and how to address the implementation challenges posed by the new standards.
The Other Shoe Falls: Implementing the GASB's New Guidance on OPEB
Monday, May 22, 2017 - 2:40pm to 3:55pm
Four Seasons ballroom 2/3
Field of Study:
Accounting – Governmental