2024 Governmental and Not-for-Profit Annual Update

Overview

Understand the latest on governmental accounting and auditing with this fast-paced interactive course that analyzes the GASB requirements for governments and provides an understanding of OMB and Yellow Book requirements. Learn about important updates to auditing standards and best practices including recent GASB updates, the latest SAS requirements, changes to requirements for auditing federal funds, and ethics updates affecting government and not-for-profits.

Highlights

• GASB updates
• Updated Statements on Auditing Standards (SASs)
• Yellow Book & OMB updates affecting single audits
• Ethics updates for governments and not-for-profit entities

Prerequisites

Knowledge of government accounting and auditing

Designed For

Accounting and finance personnel responsible for accounting and financial reporting for governments and auditors of governments

Objectives

• Identify the effect of GASB statements on accounting and financial reporting for state and local governments.
• Identify the requirements of recently issued Statements on Auditing Standards (SASs).
• Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs.
• Recall Yellow Book requirements related to independence, management’s responsibilities, and reporting.
• Recognize resources and considerations for conducting a single audit.
• Identify internal control considerations in a single audit.

Preparation

None