GASB-87, Leases – One Last Look for Lessees


Course Description:
June 30th governments are trying to finalize implementing GASB Statement No. 87, Leases. At the same time, the GASB just issued GASB Statement No. 100, Omnibus 2022, which may change some decisions. Further, those governments with service concession arrangements, public-private or public-public partnerships or subscription-based information technology arrangements may have additional contracts they need to analyze to see if the contract is a lease. Hear the focus areas lessees need to tackle and how to prepare for the first audits of the leasing standard and what will be changing soon.

Learning Objectives:

  • Define what the focus areas in implementing GASB-87 will be.
  • Describe how implementing GASB Statement Nos. 94, 96 and 100 may impact decisions made in implementing GASB-87.
  • Generalize the planning process for the audit of the contracts.
Eric S. Berman, MSA, CPA, CGMA Partner | Eide Bailly
Eric is a nationally recognized speaker, author, thought leader and auditor with a wealth of government client experience. He brings a unique perspective to the firm's clients as a former Deputy Comptroller of the Commonwealth of Massachusetts, a chief financial officer of a state agency and an audit partner with clients ranging from a well-known stadium to statewide pension systems. Eric's unique background and decades of governmental accounting, auditing and controllership experience allows his clients to meet their standards and goals and achieve new success along the way. He's been recognized with several major awards for his public service and work, and his insight means he can help you solve problems before they happen.

Brian Stavenger, CPA Partner | Eide Bailly
Brian joined the firm in 2001 and has devoted much of his career with Eide Bailly serving as an advisor and auditor of public sector clients, including state agencies, municipalities, public schools, charter schools, special districts, as well as colleges, universities and electric utility cooperatives. Brian is a regular speaker on topics related to GASB and audit standards implementation and updates, how to prepare for a governmental audit, the path to an efficient audit, student activity funds, ethics, and feasibility studies.

James Ramsey, CPA, CFE Partner | Eide Bailly
James works with governmental and nonprofit agencies throughout California providing accounting, assurance and advisory services. He has worked both on the client side and the assurance side and is able to provide this unique perspective to his clients. His expertise includes audits of governmental agencies, nonprofits and the performance of Single Audits. James is also a presenter for his clients presenting on topics including reporting, Single Audit and updates to U.S. GAAP.

CPE Information
CPE Credits: 2
Field of Study: Auditing (Governmental)
Level of Knowledge: Intermediate
Delivery Method: Group-Internet Based

Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.


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