Description

Change is inevitable and at times overwhelming if you are unprepared.

Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools and knowledge to implement the new standards.

Target Audience

accountants and finance professionals Working with governments and notforprofits

Course Objectives

Apply the most recent requirements of GASB and FASB directed toward governments and notforprofits.

Recall Key points related to the latest developments in OMB and Yellow Book requirements.

Identify recent activities of the AICPA and how they affect the auditor’s report.

Subjects

GASB update

notforprofit accounting update

revenue recognition in notforprofits

FASB’s lease standard FASB update

auditor’s report and conforming changes

auditing standards Board update

SSARS and SSAE update

governmental auditing update

Prerequisites

Basic knowledge and experience in governmental and not-for-profit accounting and auditing