Auditing and Accounting Guide: State and Local Governments, 2016 (AICPA Audit and Accounting Guide)

By American Institute of Certified Public Accountants (AICPA)

Whether you are a financial statement preparer or auditor or you practice in state and local government, this guide provides you with advice for handling auditing and accounting issues common to state and local governments. You'll get critical "how-to" guidance on planning, performing, and reporting on your audit engagements; including financial reporting and the financial reporting entity, revenue and expense recognition, capital asset accounting, and the elements of net position. This new edition covers fair value measurement, auditing and accounting guidance for governmental pensions, and more. This guide helps both auditors and financial statement preparers in the state and local government arena to solve complex accounting and reporting issues. Key Benefits: Updates to address accounting and auditing considerations for investments and certain equity interests as a result of GASB Statement No. 72 Audit guidance for investments Illustrative auditor's reports Accounting and reporting guidance for governmental pensions Audit guidance for governmental pensions UPDATES: GASB Statement No. 72, Fair Value Measurement and Application GASB Statement No. 76, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments GASB Statement No. 79, Certain External Investment Pools and Pool Participants Who Will Benefit? Auditors who are auditing the basic financial statements of a state or local government in accordance with GAAS Finance personnel of a state or local government responsible for financial reporting

• Format: Paperback
• Language: English
• ISBN: 1943546908
• ISBN13: 9781943546909
• Release Date: August 2017
• Publisher: Wiley
• Length: 800 Pages
• Weight: 1.90 lbs.