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Suggested GAS 68 Pension Footnotes for Employers Financial Statements for the Fiscal Year Ended June 30, 2023[Using ERA Valuation/Measurement Date 6/30/2022]Summary of Significant Accounting Policies
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Audit issues - pera refers to discrepancies or concerns identified during the auditing process related to the Personal Equity and Retirement Account (PERA) compliance.
Individuals and entities managing PERA accounts are required to file audit issues if there are any discrepancies or concerns identified during the auditing process.
To fill out audit issues - pera, you must provide detailed explanations of the discrepancies, supporting documentation, and any corrective measures taken in the prescribed format provided by the relevant regulatory authority.
The purpose of audit issues - pera is to ensure transparency, compliance, and proper management of PERA funds, thereby protecting the interests of account holders.
Information that must be reported includes details of the discrepancies, account holder information, audit findings, supporting documentation, and any actions taken to rectify the issues.
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