In this episode of Cherry Bekaert’s Government & Public Sector podcast, Danny Martinez, CFO Advisory Partner, and Scott Anderson, Audit Director, discuss updates to Governmental Accounting Standards Board (GASB) 102 & 103. Whether you're a seasoned accounting professional or just trying to keep up with the latest in governmental accounting, this episode will help you understand what these standards mean, why they matter and how they could impact your reporting processes.
Tune in to learn about:
- Disclosure criteria for GASB 102
- Guidance on constraints and concentrations that cause risks that impact a government’s ability to provide services
- How governments can use Cherry Bekaert’s GASB checklist to determine if there is a need to disclose
- Understanding the components of GASB 103, and what was left out
- How GASB 103 aims to enhance the effectiveness of the financial reporting model in five key areas
- Changes that are happening within proprietary fund statements
Cherry Bekaert’s CFO Advisory team provides a comprehensive GASB-as-a-service offering that helps governments overcome staffing and technical challenges. Cherry Bekaert has a dedicated team of experienced professionals who provide accounting advisory services for governments, equipping them with the confidence that their needs will not come second to competing audit regulatory deadlines.
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