Participants will learn the latest on governmental accounting and auditing with this fast-paced interactive course that analyzes the GASB requirements for governments and provides an understanding of OMB and Yellow Book requirements. Additionally, they'll gain valuable information about important updates to auditing standards and best practices, including recent GASB updates, the latest SAS requirements, changes to requirements for auditing federal funds, and ethics updates affecting government and not-for-profit entities.
DESIGNED FOR
Preparers of government financial statements, auditors of government financial statements, users of government financial statements
BENEFITS
- Apply the most recent requirements of the GASB directed toward governments.
- Recall key points related to the latest developments in OMB and Yellow Book requirements.
- Identify recent activities of the AICPA.
HIGHLIGHTS
- GASB updates
- Updated Statements on Auditing Standards (SASs)
- Statement on Quality Management Standards (SQMS) No. 1, *A Firm’s System of
Quality Management*
- SQMS No. 2, *Engagement Quality Reviews*
- SQMS No. 3, *Amendments to QM Sections 10*, A Firm’s System of Quality
Management, *and 20*, Engagement Quality Reviews
- Yellow Book & OMB updates affecting single audits
- Ethics updates for governments and not-for-proitt entities
PREREQUISITES
Knowledge of government accounting and auditing.
ADVANCE PREPARATION
None