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The Audit Connection Blog

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Lease agreement being filled out.

Lease accounting changes are coming soon

January 24, 2019

The new accounting and reporting standard regarding leases – GASB 87 – will take effect for reporting periods beginning after December 15, 2019, and apply retroactively as if the standard was in place at the beginning of the implementation period. Early implementation is encouraged.

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Employer reporting requirements for other post-employment benefits (OPEB) have taken effect

January 11, 2019

Governmental Accounting Standards Board (GASB) Statement 75, Accounting and Reporting for OPEB is effective for the Reporting Year 2018 (this year!). OPEB, or post-employment benefits other than pension, includes benefits such as healthcare provided through a pension plan or separately (medical, dental, vision, hearing, etc.) and other benefits when provided separately from a pension plan, such as: life insurance, long-term care, disability, and more.

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Local governments in Washington know the importance of cybersecurity, but need tools to address concerns

December 18, 2018

The results from our recent cybersecurity survey are in, and they reveal governments of all sizes across Washington recognize the importance of cybersecurity. However, the majority of the governments we polled lack dedicated IT staff, let alone dedicated cybersecurity staff. To address this gap in expertise and resources, the Office of the Washington State Auditor has begun to develop resources, tools and training targeted at the specific cybersecurity issues of local governments.

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