GOVERNMENTAL UPDATE, AUDITING UPDATE AND THINGS THAT KEEP US UP AT NIGHT State of Maine Eric S. Berman, MSA, CPA, CGMA, Partner
[email protected] 208.424.3524 AGENDA – GASB UPDATE June 30, 2018 Year Ends: GASB 81 – Irrevocable Split-Interest Agreements GASB 75 – Accounting and Financial Reporting for Postemployment Benefits Other than Pensions (OPEB) GASB 85 – Omnibus 2017 GASB 86 – Certain Debt Extinguishment Issues Implementation Guide Update 2017-1 OPEB Employers’ Implementation Guide June 30, 2019 and beyond GASB-83 – Asset Retirement Obligations GASB-84 – Fiduciary Activities GASB-87 – Leases GASB 88 – Debt Disclosure and Direct Borrowing GASB 89 – Accounting for Interest Cost during the Period of Construction Likely GASB 90 - Accounting and Financial Reporting for Majority Equity Interest The Latest on the Financial Reporting Model Project These seminar materials are intended to provide the seminar participants with guidance in accounting and financial reporting matters. The materials do not constitute, and should not be treated as professional advice regarding the use of any particular accounting or financial reporting technique. Every effort has been made to assure the accuracy of these materials. Eide Bailly LLP and the author do not assume responsibility for any individual's reliance upon the written or oral information provided during the seminar. Seminar participants should independently verify all statements made before applying them to a particular fact situation, and should independently determine consequences of any