GASB's Lease Standard: Are you Ready? WEBCAST

Thursday, June 23 11:00am - 1:00pm PDT

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2.0 Credits

Member Price $109.00

Non-Member Price $131.00

Overview

In this webcast, you’ll learn about the GASB lease standard that will take effect for fiscal years beginning and after June 15, 2021. In addition to an overview of the single model for recording leases, you’ll gain insights about tips and strategies for auditing lease liabilities and related financial statements, relevant assertions and identified risks, how to apply substantive audit procedures, and the impact of GASB Statement No. 96, Subscription-Based Information Technology Arrangements.

Highlights

An overview of the single model for recording leases. Implementation challenges related to GASB 87. Strategies for substantive audit procedures. The impact of GASB Statement No. 96.

Prerequisites

Knowledge of GASB literature and SLG financial statement audits.

Designed For

Auditors. Preparers of governmental financial statements. Accounting and finance professionals.

Objectives

Apply the single model for recording leases. Identify implementation challenges related to GASB 87. Identify key auditor considerations. Determine the impact of GASB 96 on the implementation of GASB 87.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Jeffrey Markert

Jeffrey Markert, CPA is a partner in KPMG’s Department of Professional Practice in New York City with more than 22 years of experience serving state and local governments. In this role, he devotes significant time to emerging issues related to government accounting and single audits, including working with GASB and the AICPA in the development and implementation of new standards and providing technical assistance and training to KPMG personnel throughout the United States. Jeff also currently serves on the AICPA State and Local Government Expert Panel (Expert Panel). Jeff previously spent 18 years in KPMG’s Chicago office and was the practice leader for KPMG’s Midwest public sector audit group. In this role, Jeff was responsible for government and not-for-profit audit services and also served as the engagement partner for many of their larger and more complex single audits.

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Non-Member Price $131.00

Member Price $109.00