NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of training events addressing timely issues in government auditing and financial management.

The Governmental Accounting Standards Board’s (GASB) new pension standards (Statements 67 and 68) pose serious implementation challenges for employers, pension plans, and auditors. For example, now that employers will be reporting their unfunded pension obligation as a liability, how can employers and their auditors obtain the assurance they need regarding the accuracy, verifiability, and reliability of the amount to be reported? How can employers participating in cost-sharing and agent multiple-employer plans and their auditors obtain reasonable assurance regarding each employer’s relative portion of the total net pension liability and total pension expense for all participating employers?

This session will discuss the most significant challenges to implementing the new pension standards, the implementation progress of governments to date, and the potential implications to auditor opinions on financial statements of employer governments that are not able to obtain sufficient audit assurance on the pension amounts.

Join Jeff Markert, CPA, KPMG, and Greg Driscoll, CPA, KPMG, for this informative two-hour training session.

Date: Wednesday, August 7, 2013

Time: 11:00 – 1:00 p.m. Arizona Time

Speakers:

• Jeff Markert, CPA, Partner, KPMG LLP
• Greg Driscoll, CPA, Partner, KPMG LLP

CPE: Two Credits

Learning Objectives: At the conclusion of this webinar, participants will be able to:

1. Identify the major implementation issues associated with GASB Statements 67 and 68
2. Understand how employers and their auditors can obtain the assurance they need regarding the accuracy, verifiability, and reliability of the amount to be reported in the financial statements
3. Understand how employers participating in cost-sharing and agent multiple-employer plans and their auditors can obtain reasonable assurance regarding each employer’s relative portion of the total net pension liability and total pension expense for all participating employers

Location: Department of Administration General Accounting Office 100 N 15th Avenue Suite 302.
**You may bring your lunch if you wish. Currently the ADOA Building does not have a cafeteria.

Parking information: Please park on the lot north of the parking garage or the northeast corner of 15th Avenue and Adams. There are two disabled parking spaces in the visitor section of the garage and three disabled parking spaces in the northeast surface lot. These spaces are NOT restricted by the "2 Hour Visitor Parking" signs.

Registration Information: Space is limited, so reserve your place early

To register:
Visit YES at https://yes.az.gov
Sign in with your Username (your Employee ID Number) and your password.
Click on “Employee Training” under the “Home” tab in the leftmost column.
Then, click on “Registration by Category” under the “Employee Training” tab.
Next, click on “GAO Training & Events” in the “Categories” column.
Under “Courses,” click on the course “GAO080713” Finally, click on Session number 807.

The National Association of State Auditors, Comptrollers and Treasurers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting the web site www.nasba.org.

Please share this program announcement with others in your agency. Please be advised that this presentation may have limited interest and applicability to some State agencies. It is being offered to all State agencies as an opportunity for their employees to gain Continuing Professional Education (CPE) at no cost. Attendance is voluntary.