Does your organization still have work to do to implement GASB 87 (leases) and GASB 96 (SBITAs)? You’re not alone. A recent report has shown that 44% of the government market is not fully prepared to transition to GASB 87. And nearly one-fourth of government entities are unaware of GASB 96.  

Even if you have decided on a path forward, it’s likely you could improve the controls around your contracts to ensure you stay compliant as your contracts change. Without proper controls, your organization is prone to making big mistakes that could negatively impact your organization’s audit.  

Learning Objectives:

• List the similarities between GASB 87 and GASB 96 and outline how to ensure compliance 


• Recommend how to establish a process that promotes ongoing accuracy as contracts evolve 


• Identify the opportunity that lies within lease and SBITA accounting