Identifying Component Units

The scope of public sector external financial reporting often extends beyond the reporting government to encompass one or more additional legally-separate organizations. This seminar examines the scope of the public sector financial reporting entity.

Who Will Benefit: Accounting and auditing professionals

• Understand the criteria used in establishing a primary government’s financial accountability for a potential component unit
• Identify the two types of fiduciary component units and the criteria for their inclusion in a primary government’s fiduciary funds financial statements