GASB Statement No. 75 is effective for fiscal years beginning after June 15, 2017. This session will provide a discussion of implementation issues surrounding the accounting and auditing for other postemployment benefits (OPEB) that you need to be aware of in this year of implementation.
We will discuss:
1. How the accounting for OPEB differs from pensions 2. The appropriate treatment for OPEB when it is administered through a trust, versus when it is not administered through a trust 3. The role of the actuary and related audit issues 4. Auditing considerations from the employer auditor's perspective
After this session attendees will be able to:
-Identify appropriate accounting treatment for OPEB. -Analyze the audit implications of OPEB and how it differs from pensions.