Event Description

This year 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 in staying current through 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

Keep up with the latest developments at the GAO, OMB, AICPA, GASB, and FASB Ensure that your accounting and auditing skills stay up-to-date with current requirements Be prepared for major changes on the horizon

Major Subjects

Developing issues related to performing Yellow Book audits and single audits Key AICPA developments affecting audits of governments and nonprofits, including the new SASs Recent GASB activities directed towards state and local governments with an emphasis on the implementation of GASB No. 87, Leases Preparing for the implementation of the new requirements related to contributed nonfinancial assets (i.e., ASU No. 2020-07) Developing a deeper understanding of the effects that FASB ASC 842, Leases, will have on nonprofits

Prerequisites

Knowledge of government and nonprofit accounting and auditing

Instructions

None