Key Trends in Governmental Accounting Today

Overview

This course equips you with practical strategies to boost your organization’s resilience by pinpointing, assessing, and minimizing operational risks. You’ll dive into six critical risk areas’from processes and people to technology and compliance’and explore real-world case studies, proven internal controls, and tools to build a strong risk-aware culture. This session was recorded on May 29, 2025, for CalCPA’s Not-for-Profit Organizations Conference.

Highlights

Objectives

• Identify key GASB initiatives aimed at improving governmental financial reporting while addressing resource and workforce constraints.
• Recognize major technical agenda projects, including infrastructure assets, severe financial stress disclosures, and revenue and expense recognition efforts.
• Distinguish between exchange and nonexchange transaction categories and how GASB's proposed guidance may affect recognition models.
• Indicate how stakeholder engagement tools, digital reporting taxonomy development, and disclosure research support transparency and user-focused reporting.

Preparation

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.