This is indeed another year of significant change in the world of government and nonprofit accounting and auditing. Time is valuable, and it's hard to stay current in today's rapidly changing environment. Let us save you time and effort with this informative update course. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of the latest developments in government and nonprofit accounting and auditing.
Learning Objectives
- Understand the latest GAO, OMB, AICPA, GASB, and FASB developments
- Keep accounting and auditing skills up to date with current requirements
- Prepare for major changes on the horizon
Major Topics
- Developing issues related to the 2024 Yellow Book revision and the 2024 revision to the Uniform Guidance for Federal Awards
- Key AICPA developments affecting audits of governments and nonprofits (including SAS No. 146 on quality management)
- Recent GASB activities directed toward state and local governments (e.g., the implementation of GASB No. 101 on compensated absences, GASB No. 102 on certain risk disclosures, GASB No. 103 on improvements to the financial reporting model, and additional GASB projects)
- Critical, but sometimes overlooked, FASB ASC 958 implementation guidance and illustrations for not-for-profits)
