GASB - Notes on the Lull Before the Storm
05/09/2012 - 12:30 – 1:45 PM ET
Session Category: Public Plans - General
Credits: EA Noncore 1.50 CPD 1.50
The Governmental Accounting Standards Board (GASB) issued its exposure drafts (ED) on public pension accounting last year. 679 comment letters were received on the ED, including several by CCA and Academy members, plus one from the CCA Public Plans Community Steering Committee and one from the Academy's Public Plans Subcommittee. GASB continues to diligently deliberate the issues, and this panel has been monitoring the deliberation closely. We'll update you on what the standard is likely to require when it's released this summer. We will discuss what elements of the ED have been retained (most of it), what's changed (some welcome relief on measurement and effective dates as well as other implementation issues), and what remains uncertain (disclosure and other nuances). Tune in for the full, up-to-the-minute story.