2019 GAU Course Description


June 5, 2019 | 8:15 a.m. to 4:45 p.m.


The McKimmon Conference and Training Center
N.C. State University
1101 Gorman Street
Raleigh, NC 27606 


To provide an update of recent activities of the Governmental Accounting Standards Board (GASB), updates on auditing standards, and updates on current events in the accounting profession. 


Accounting Update

  • What's going on out there - a current events look at the accounting profession

GASB Update

  • GASB 83, Certain Asset Retirement Obligations
  • GASB 84, Fiduciary Activities - including the Implementation Guide Exposure Draft
  • GASB 87, Leases - including the Implementation Guide Exposure Draft
  • GAST 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements
  • GASB 89, Accounting for Interest Cost Incurred before the end of a Construction Period
  • GASB 90, Majority Equity Interests - an amendment of GASB Statements 14 and 61
  • GASB Preliminary Views, Financial Reporting Model Improvements
  • GASB Invitation to Comment, Revenue and Expense Recognition
  • GASB Exposure Draft, Conduit Debt Obligations

Auditing Standards Update

  • SAS 132, Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
  • SAS 133, Auditor Involvement with Exempt Offering Documents
  • Exposure Document - Changes to Independent Auditor's Report
  • Yellow Book Update


  • Jerry Durham, CPA, CGFM, CFE, Assistant Director, Tennessee Division of Local Government Audit

CPE Credit Offered:         

Eight hours


Will be available in advance on the OSC web page

Teaching Method:         



Available beginning at 7:30 a.m. (scrambled eggs, bacon, potatoes, and pastries)


12:00 p.m. – 1:00 p.m. (grilled pork tenderloin, barbecue chicken, sides, salad, and dessert)


Employed by a State agency or institution that is part of the State financial reporting entity (i.e., an entity included in the State’s Comprehensive Annual Financial Report)

Advance Preparation:  




DEVELOPERS:  Tennessee Comptroller of the Treasury

SPONSOR:  NC Office of the State Controller