Addictive Revenue? Accounting for the Opioid Settlement

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In 2022, most states entered into a multi-billion-dollar agreement to settle lawsuits with major manufacturers, distributors, and retailers of opioid drugs. The funding will be disbursed to participating states over the next eighteen years, and many local governments in participating states have started receiving these funds. In this session, speakers will answer frequently asked questions related to revenue recognition requirements and identifying qualifying remediation expenditures.

Speakers

Adam Brill, CPA

Adam Brill, CPA

ACFR Accountant, Indiana AUditor of State

Kim Diller

Director of Accounting & Reporting, Indiana Auditor of State

Jodie Hartman

Jodie Hartman

Director of Finance, City of Crystal Lake, IL

Dean Mead

Dean Mead

Partner, Carr, Riggs & Ingram CPAs and Advisors