Session #13

GASB 87 – Implementation Risks and Lessons Learned
1:00 – 1:50 p.m.   
CPE Field of Study: Accounting (Governmental)

PPT Presentation

Governments are gearing up to implement GASB 87, realizing that they may need the entirety of the next year and beyond to successfully transition to the new standards. GASB 87 may present many risks of material misstatement as implementation may expose internal controls deficiencies in completeness, recognition and measurement and presentation and disclosure, not to mention potential risks of compliance with laws and regulations, grant provisions and continuing disclosure agreements. This session will highlight things state governments should consider from the preparer’s and auditor’s perspectives as they convert.

 

Eric Berman is a nationally recognized speaker, author, thought leader and auditor with a wealth of government client experience. He brings a unique perspective to the firm's clients as a former deputy comptroller of the commonwealth of Massachusetts, a chief financial officer of a state agency and an audit partner with clients ranging from a well-known stadium to statewide pension systems.

Eric's unique background and decades of governmental accounting, auditing and controllership experience allows his clients to meet their standards and goals and achieve new success along the way. He's been recognized with several major awards for his public service and work, and his insight means he can help you solve problems before they happen.

In his free time, Eric enjoys spending time with family, especially his new grandson Jonah!  He enjoys watching Boston sports—Red Sox, Patriots, Celtics and Bruins—but Jonah tops them all.
 
Dianne E. Ray is responsible for overseeing independent audits and reviews that hold government agencies accountable and promote positive change in government. As head of the Office of the State Auditor (OSA), Dianne leads a staff of experienced professionals who conduct performance, financial, and IT audits and evaluations and track independent audits of local governments in the state. Under Dianne’s leadership as State Auditor, the Office has received 14 national awards for audits and evaluations.

Dianne was first unanimously appointed by the General Assembly to the position of state auditor in May 2011 for a five-year term and was unanimously reappointed in April 2016 for an additional five years. She has specialized in governmental accounting and auditing for more than 25 years. Dianne possesses in-depth knowledge of Colorado's state and local governments.

Dianne has extensive experience in senior-level management positions and has been recognized for her innovative leadership style. In 2012, the Colorado Society of Certified Public Accountants and the American Institute of Certified Public Accountants named Dianne as one of three “Women to Watch” in the Experienced Leader category. In May 2015, the University of Colorado-Denver's School of Public Affairs awarded Dianne the 2015 Leo Reithmeyer Award for the Top Public Administrator in Colorado. In August 2016, the President of the National Association of State Auditors, Controllers, and Treasurers named Dianne as recipient of the annual President's Award. In June 2020, she was awarded the William L. Snodgrass Distinguished Leader Award by the National State Auditors’ Association.

In June 2020, Dianne was appointed to serve a 5-year term on the Governmental Accounting Standards Board, beginning July 1, 2020. In 2016, Dianne was appointed by the U.S. Comptroller General to serve a 4-year term (2016-2020) on the Advisory Council on Government Auditing Standards, which includes experts from federal, state, and local government; the private sector; and academia to review and recommend necessary changes to standards that guide the government auditing profession. In 2018, Dianne was appointed by the U.S. Comptroller General to serve on the Domestic Working Group, a forum for members to discuss topics of mutual interest, address common concerns, and promote collaborative efforts in the accountability community in the U.S. 

Dianne served as the President of the National State Auditors Association for the 2015-2016 term. Dianne is also a member of the Board of the Colorado Housing and Finance Authority, Chair of the Audit Committee, and former Board Chair.

 
 

 


The NASACT Community

NASACT serves as the premier organization working to bring together state auditors, state comptrollers and state treasurers to cooperatively address government financial management issues. NASACT also manages two secretariats - the National State Auditors Association (NSAA) and the National Association of State Comptrollers (NASC). Both NSAA and NASC are included under the umbrella of NASACT’s budget and utilize staff hired by NASACT.