Objective
- 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
Highlights
- Developing issues related to Yellow Book audits and single audits
- Key AICPA developments affecting audits of governments and nonprofits (including implementation of SAS No. 145 on risk assessment)
- Recent GASB activities directed toward state and local governments with an emphasis on the implementation of GASB No. 87, Leases
- The changes that occurred in NFP presentation and disclosure as a result of ASU No. 2020-07
- The effects of FASB ASC 842, Leases, on nonprofits
Designed For
Auditors and industry professionals working in the government and nonprofit environmentPrerequisite
Knowledge of government and nonprofit accounting and auditingAdvanced Preparation
None