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 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)
Designed For
Auditors and industry professionals working in the government and nonprofit environmentPrerequisite
Knowledge of government and nonprofit accounting and auditingAdvanced Preparation
None