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 Yellow Book audits and single audits
- Key AICPA developments affecting audits of governments and nonprofits (including SAS No. 145 on risk assessment)
- Recent GASB activities directed toward state and local governments (e.g., the implementation of GASB Nos. 100 and 101, and additional GASB projects)
- Lessons learned by nonprofits (and lessons remaining) from the implementation of FASB ASC 842, Leases and ASU No. 2020-07 related to contributions of nonfinancial assets
- Other issues related to nonprofits
