GAE2318. Leases (SBITA)/GASB 87 (Lessons Learned) and GASB 96

Auditees may find the session useful as well. In addition to exploring some of the more significant implementation challenges and key auditor considerations, specifics topics to be covered include the following:

• Practical application tips on GASB's SBITA standards and similarities with GASB’s lease standard
• Auditing considerations for SBITA assets, liabilities, and other related financial statement amounts
• Helpful tips for auditors in developing an effective and efficient audit approach
• A summary of reporting matters relating to new standards
• Answers to common questions related to the new standards

Learning Objectives:

• Apply the single model for recording leases and SBITAs
• Differentiate implementation challenges related to GASB Statement No. 87 and GASB Statement No. 96
• Identify key auditor considerations
• Identify an effective and efficient audit approach