Common Audit and Financial Reporting Deficiencies in State and Local Governments

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Monday, June 2, 2025 @ 2:00pm – 3:47pm
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Description

Common Audit and Financial Reporting Deficiencies in State and Local Governments, is a 2 hour webcast detailing many of the more common mistakes that auditors and accountants are making in either the preparation of their annual financial statements or the audits of such financial statements. Deficiencies in audit standards (AICPA, GAO, Single Audit) and preparation standards (GASB) noted in this webcast are driven by the most recent results found in audit organization peer reviews, workpaper or desk reviews, and various organizations checklists for oversight. 

Prerequisites

None

Highlights

  • Financial Statement Preparation
  • Common Mistakes made in Preparing Financial Statements
  • GASB Financial Statement Preparation Standards

Objectives

  • Identify common deficiencies in both the preparation of, and audit of, annual financial statements.
  • Learn to recognize and analyze the most prevalent mistakes made by both auditors and accountants in the preparation and audit of financial statements of state and local governments. 
  • Develop an understanding of the audit standards that govern the auditing of financial statements for state and local governments, such as those set by the AICPA, GAO, and Single Audit. 

Preparation

None

Credits

Category Amount
Accounting&Auditing 2.00