Information Circular

EIC14-2 Volume 30 Issue 2
Employer Financial Reporting For Fiscal Year 2014-15 And New Audit Requirements

The purpose of this circular is to alert employers that Governmental Accounting Standards Board Statement No. 68 (GASB 68), effective for fiscal years beginning after June 15, 2014, will result in significant changes to their financial statements as a participating employer in the State Teachers’ Retirement Plan (STRP), a cost-sharing, multiple-employer defined benefit pension plan.

 

Employer Information Circulars [EIC] are sent to school district and community college employers as informal guidance that provides immediate information on a single topic.

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