NAFOA WEBINAR ALERT - Fiduciary Activities: What Your Tribe Needs to Know
June 22, 2017
NAFOA will host a webinar on Wednesday, July 26, 2017 at 1:00 p.m. EDT to review a new accounting standard that will impact financial reporting of minor's trust funds and tribally-sponsored retirement plans.
The Governmental Accounting Standards Board recently released Statement No. 84 Fiduciary Activities. The pronouncement changes the definition of fiduciary funds, which fiduciary activities to include in the financial statements, and what needs to be reported for certain fiduciary funds. The pronouncement will impact pension plans, 401-k reporting, and whether stand-alone tribal business activities engaging in fiduciary activities should be presented in the fiduciary fund financial statements.
Guest Speaker: Tasha Repp, NAFOA's GASAC Representative and Partner, Moss Adams.
For questions or comments please contact Jennifer Parisien at Jennifer@nafoa.org or (202) 558-8040.