Event Description

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.

Designed For

Auditors and industry professionals working in the government and nonprofit environment

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 Subjects

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

Prerequisites

Knowledge of government and nonprofit accounting and auditing