PSAB Update and Planning for Asset Retirement Obligations

PSAB Update and Planning for Asset Retirement Obligations
Are you ready to meet the requirements of this new standard for fiscal years beginning on or after April 1, 2021? Spring forward in your ARO implementation with this hands-on workshop to develop a policy document, and an implementation project plan specific to your municipality. Roll up your sleeves and spend your day developing two key tools for ARO success. MFOA, in collaboration with KPMG, has developed a guideline document for municipalities to assist with implementation efforts, and key decision points on scoping, implementation, and measurement approaches. This workshop will provide more information on the guideline document in the morning, and then put you to work in the afternoon applying it!

Workshop Description:
MFOA, in collaboration with KPMG, has developed a guideline document for municipalities to assist with implementation efforts, and key decision points on scoping, implementation, and measurement approaches. This workshop will put participants to work applying the guideline. By the end of the workshop participants will understand the content of the guideline and the accounting standard, and have a working draft of an ARO policy, and an implementation project plan. The morning part of the session will inform participants of the key elements of the guideline document, and the intricacies of PS3280, asset retirement obligations. The afternoon is time to roll up your sleeves, and collaborate with the other participants in tailoring a policy and work plan to your municipality.

Questions we will look to answer include:
  • Do you understand how the Guideline document can best assist your implementation efforts?
  • Do you understand specific assets which will be in scope for this section?
  • Do you understand how to efficiently and effectively approach scoping?
  • Do you know which transition option you is right for your municipality?
  • Do you understand how to develop a policy on ARO’s for your municipality?
You Will Learn How To:
  • Gain a clear understanding for the scope, scale and requirements of the future asset retirement obligation standard
  • Understand the implications of the project on your organization
  • Gain a deep understanding of the guideline document, and how it can be applied as a tool
  • Develop a tailored policy on ARO’s specific to your municipality

Who Should Attend?
Local government staff that are responsible for financial reporting, or need to be aware of the impact of asset retirement obligations.

About your Speaker:
   Bailey Church is a Partner in KPMG’s Accounting Advisory service line. Bailey has substantial experience in financial, accounting, and related services within the public sector, with a focus on complex accounting and reporting matters for municipalities.

Bailey has significant experience with financial and accounting matters for contaminated sites, asset retirement obligations, landfill sites, and nuclear decommissioning, and decommissioning trust funds. This is Bailey’s passion – he is excited to share it with you.

Bailey has developed and delivered numerous national training sessions on contaminated sites and asset retirement obligations. Bailey also led KPMG’s team working with the MFOA on the ARO guideline.

Webinar & Workshop Recording
By registering for our webinars and workshops, you are consenting to be recorded. For our training to be accessible and flexible to all registrants, recordings will be made available to those who are unable to attend.

Other locations for this workshop:
Other training available in this series: CPD CREDITS: This workshop is eligible for continuing professional education credits. Please check with your professional association to confirm that this qualifies for your CPD record.
When
10/7/2020 8:30 AM - 4:00 PM
Where
Four Points By Sheraton Kingston 285 King St E. Kingston K7L 3B1

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