GASB Statement No. 84 - New Fiduciary Activities
July 26, 2017
The Governmental Accounting Standards Board recently released Statement No. 84 Fiduciary Activities that will impact the financial reporting of minor’s trust funds and tribally-sponsored retirement plans. The pronouncement changes the definition of fiduciary funds, which fiduciary activities to include in the financial statements, and what is reported for certain fiduciary funds. This webinar also covers how the new 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.