GASB 74 and 75 Compliance
GASB 74 and 75 are some of the most important accounting standards ever issued that will impact government and municipal employers. Understanding, valuing and correctly accounting for benefits provided to retired employees will be challenging and complex, though critical to avoid the potentially disastrous consequences of failing to do so.
Helping you Meet the Challenge
Credit rating agencies have already mentioned that particular attention will be paid to mismatches between liabilities and assets. At a period of time when many local governments are already struggling to maintain their ratings, it is crucial to be able to determine just how GASB 74 and GASB 75 impact their financial statements and how to properly calculate OPEB costs.