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AICPA National Governmental Accounting and Auditing Update Conference West 2012

Determining the Appropriate GAAP to Follow and Reporting on Less than a Full Government

‐ Sep 19, 2012 4:40pm

This session is intended to delve into two practice issues that preparers and auditors of state and local governments sometimes have to face. The first, which has been coming up more often lately, relates to determining the appropriate GAAP (that is, GASB vs. FASB) that an entity should be following. The second relates to situations where there is a need to prepare financial statements for something less than the full reporting entity (for example, individual funds or departments). Such financial statements provide challenges in terms of determining what should be included versus excluded.

The session will help you understand:
  • The sources of guidance that are available
  • The challenges involved in both areas
  • How others involved in these situations are addressing them


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