Government Accounting


The Governmental Accounting Standards Board’s (GASB) new Guide to Implementation of GASB Statements 43 and 45 on Other Postemployment Benefits can help preparers and auditors implement recent GASB standards on accounting and reporting for health care and other nonpension benefits provided to retirees. To order the guide (# GQA43/45), go to http://store.yahoo.com/gasbpubs/gqa43-45.html or call 800-748-0659.

The Federal Accounting Standards Advisory Board issued Statement of Federal Financial Accounting Standards (SFFAS) 30, Inter-Entity Cost Implementation: Amending SFFAS 4, Managerial Cost Accounting Standards and Concepts ( www.fasab.gov/pdffiles/sffas30aug2005.pdf ; see Official Releases, page 108). SFFAS 30 requires full implementation of the interentity cost provision in SFFAS 4 for reporting periods beginning after September 30, 2008.

A revised audit program the Department of Agriculture’s Office of Inspector General (OIG) issued in September 2004 is effective for periods ending on or after December 31, 2005 ( www.usda.gov/oig/webdocs/ ). In response to OIG concerns about potential fraud, the guidance introduces audit procedures designed to detect any diversion of project funds in the department’s Rural Rental Housing program.

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