This session will help participants understand some unique application issues to consider in applying GASB statements to Tribal governments and their enterprises. Specific items that will be reviewed include investments vs. component unit considerations, leases, fiduciary funds and others. The session will also discuss recent guidance issued on auditor reporting for Tribal businesses and enterprises that issue FASB financial statements.
Analyze potential application considerations for Tribes in implementing newly issued GASB standards
Apply the appropriate financial reporting framework for Tribal businesses and the effect on auditor reporting considerations when Tribes issue FASB financial statements