Governmental Accounting Standards Board Statement (GASB) 77 – Tax Abatement Disclosures. This course will discuss the GASB definition of a tax abatement and criteria to be meet to be considered a tax abatement. Required components to be included within the footnote disclosure will be discussed. This Statement has no financial statement impact, only footnote disclosure requirements.
Course Learning Objectives: Common audit issues and frequently asked questions will also be covered
Statement of Accreditation Rationale: This workshop is discussing accounting and reporting of a new GASB statement.
Teresa Gray is a Senior Audit Manager for the Auditor of State’s Office. She has worked for the office for over 21years. The Auditor of State is one of the largest and most respected Governmental Accounting and Auditing organizations in the country. Teresa has experience auditing various local governments such as school districts, community schools, cities, counties, villages, townships and libraries. As a Senior Audit Manager of the West Region, Teresa leads a team of six staff and two audit managers in performing audits primarily in Preble, Darke, and Montgomery Counties. Teresa is a Certified Public Accountant and a Certified Fraud Examiner, and holds a Bachelor of Science degree in accounting and finance from Wright State University. Teresa resides in Eaton, Ohio.