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GASB 84 and 97 - Have We Missed Anything?

For those governments that did not take advantage of GASB-95’s Postponement of the Effective Dates of Certain Authoritative Guidance, GASB Statement No. 84, Fiduciary Activities and GASB Statement No. 97, Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans looms as the major GASB pronouncements to be implemented this year. There is extra time afforded for certain elements of GASB-97 relating to Section 457 plans, which are effective for fiscal years beginning after June 15, 2021. However, many governments will consider implementing the entirety of GASB-97 at the same time as GASB-84. Hear the changes one last time as we prepare for this fiscal year end. Learning Objectives: - Discuss the changes to fiduciary activities made by GASB-84 - Review the elements of GASB-84 and other GASB standards amended by GASB-97 - Discuss implementation ideas to get going on both... ( read more ) LEA