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Technical

Governmental Accounting and Auditing Update Logo aicpa

  Lynda Dennis, Ph.D., CPA, CGFO |   $155.00 - 205.00 |   CPE: 7.0-10.5 |   AICPA |   Jul 2020 |   Accounting (Governmental) |   AICPA Store
Who Will Benefit
  • Preparers and auditors of governmental and not-for-profit financial statements.
Key Topics
  • OMB and GAO activities
  • Accounting standards updates
  • Auditing Standards Board projects
  • AICPA activities and emerging issues related to not-for-profit entities
  • GASB activities
  • FASB activities
Learning Objectives
  • Apply the most recent requirements of GASB and FASB directed toward governments and not−for−profits.
  • Recall key points related to the latest developments in OMB and Yellow Book requirements.
  • Identify recent activities of the AICPA.
How will this product help you with the work on your desk?
  • Be prepared for change by ensuring that you are current in accounting and auditing developments affecting governments and not-for-profits.

Be prepared for change.

This CPE self-study course covers the latest accounting and auditing developments affecting governments and not-for-profits. Topics include:

Hot topics include the following:

  • NFP financial statements
  • Risk assessment
  • Documentation
  • Leases
  • Yellow Book
  • Major program determination
  • New GASB pronouncements

This interactive course also features case studies on leases and current GASB projects, audit documentation and the new auditor's report, revenue recognition, and major program determination.

Please note: GASB, FASB, and the ASB are currently discussing pushing out effective dates mentioned in this course. For the latest information regarding effective dates please visit Coronavirus (COVID-19) audit and accounting resources.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Intermediate
  • Governmental auditing: Technical: Single audit: Single audit requirements, Intermediate
  • Governmental auditing: Technical: Single audit: Major program determination, Intermediate
  • Governmental auditing: Technical: Single audit: Materiality, Intermediate
  • Governmental auditing: Technical: Single audit: Compliance testing, Intermediate
  • Governmental auditing: Technical: Single audit: Findings, Intermediate
  • Governmental auditing: Technical: Single audit: Auditee considerations, Intermediate
  • Governmental auditing: Technical: Yellow Book: Yellow Book requirements, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: GASB accounting requirements, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: Pensions and OPEB, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: Fair value, Intermediate
  • Governmental auditing: Technical: Government financial statement audit: Leases, Intermediate
  • Assurance: Technical: Audit, Intermediate

Comments/Reflections