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Office of the New York State Comptroller’s Seal

NYS Comptroller

Thomas P. DiNapoli

Governmental Accounting Standards Board (GASB)

Annual Census Data Audits

The new standards issued by the Governmental Accounting Standards Board (GASB) change how pension plans and employers will present pension information on their financial statements. In response to these standards, the American Institute of Certified Public Accountants (AICPA) has issued guidance recommending that pension plan auditors audit the census data used by the plans. The New York State & Local Retirement System (NYSLRS) will be following this recommendation.

Since this data is located in employer records, pension plan auditors will visit a representative sample of participating employers to test census data by validating certain information to payroll and other human resource records for NYSLRS members. This will be a recurring segment of the annual NYSLRS audit. You may not be selected for an audit this year, but may be selected in a future year.

If you are selected for an audit, we will notify you and tell you what data will be required prior to the auditor’s visit. Generally, data to be tested may include: date of birth, date of hire or years of service, pensionable compensation, gender, date of termination or retirement and employment status (active, inactive, retired).

For more information on the audit component related to GASB Statement No. 67 and Statement No. 68, we recommend that you and/or your auditors review the following AICPA whitepapers:

Should you have any questions, please email us.

(Rev. 7/15)