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PSAB Update and Planning Asset Retirement Obligations - 2
This is part two of a two-part webinar series that will focus first on the key elements of the upcoming PSAB asset retirement obligations exposure draft (Part 1), followed by practical next steps and a project plan to address these changes (Part 2).
Part 2 Webinar - October 12, 2017
Following MFOA’s March webinar introducing the key elements of the asset retirement obligations exposure draft, this webinar will focus on practical next steps and a project plan for municipalities to prepare to meet these reporting requirements. While the new handbook section on asset retirement obligations is yet to be released in final, municipalities need to start now to assess impact since the implementation period is expected to be short.
KPMG’s team of subject matter experts will walk you through practical steps you can take to assess impact, and prepare to implement this new section.
What You will Learn:
Questions we will look to answer in the webinar include
What does your municipality’s comprehensive plan to assess in-scope assets look like?
How should your project plan address Council’s information needs?
How do you effectively engage other internal stakeholders, and your financial statement auditors?
Who Should Attend:
Local government staff that are responsible for financial reporting related to asset retirement obligations.
Benefits of Attending:
Participants can expect to
Gain a clear understanding of an effective project plan to assess the impact of asset retirement obligations
Engage key internal and external stakeholders strategically
Develop an effective communication strategy for Council
About your Webinar Leader:
is the Leader of KPMG's National Public Sector Accounting Advisory service line. His more than 17 years of experience includes substantial work in financial management, accounting, financial reporting and auditing matters within the public sector environment. Bailey is a well-known speaker at seminars and conferences across the country, including the Municipal Financial Officers Association, the Government Financial Officers Association, the Institute of Internal Auditors, the Financial Management Institute, the Canadian Comprehensive Auditing Foundation, and the Office of the Auditor General. Bailey is currently serving as the Chair of CPA Canada’s Public Sector Accounting Board task force to develop an accounting standard on public private partnerships. Bailey joined KPMG in 2000. Bailey leverages his accounting advisory skill set and an extensive background in audit, internal controls, and advisory services to deliver client service excellence working at the cross-section of every major KPMG service line.
CPD CREDITS: Paid training is eligible for continuing professional education credits. Please check with your professional association to confirm that this qualifies for your CPD record
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