With the implementation of GASB's pension and other postemployment benefit (OPEB) standards, some of the largest numbers and most detailed disclosures in a government's financial statements are calculated by actuaries. Yet, accountants and auditors must understand and work with these numbers - and the professionals who calculate them. In this session you will hear from actuaries and accountants about their respective roles and how to most effectively manage inter-dependency to facilitate timely and reliable pension and OPEB reporting.
Whose Shoes? Pension and OPEB Reporting from the Auditors' and Actuaries' Perspectives
Sunday, May 6, 2018 - 2:40pm to 3:30pm
Basic understanding of governmental accounting and financial reporting