Making a List and Checking It Twice: A Guide to the GFOA CAFR Award

Description: 

GFOA has recently updated and reformatted the checklist of generally accepted accounting principles (GAAP) and program requirements for the Certificate of Achievement for Excellence in Financial Reporting (CAFR Award) Program.
In addition to incorporating new GAAP and citations referencing the GASB’s Codification, the checklist focuses additional attention on newer, more complex standards, such as those related to pension and OPEB, while condensing somewhat coverage of other topics. Continuing and prospective CAFR Award applicants and Special Review Committee members looking for the inside scoop as well as anyone interested in preparing a better CAFR, should attend to learn how to make the most of this notable resource. This session will also include discussion of selected common reporting deficiencies noted by reviewers.