This session takes a unique review of the fundamental budget issues faced by all and walks through a detailed modeling process intended to generate discussion and best practices to improve your organization’s financial modeling. From the beginning of the accounting process – ‘the chart of accounts’ to the end of the process – ‘the valuation of the company’, the budgeting cycle via a live case model to learn best practices common to successful companies. This course stands on its own but is part two of a four part budget mastery series.
DESIGNED FOR
All accounting/auditing professionals
BENEFITS
- Recognize the impact of the 2024 Uniform Guidance changes on Single Audits
- Identify changes in Appendix B of the AICPA GAS/Single Audit Guide affecting Single Audit engagements
- Recall key changes introduced through recent OMB memoranda relevant to Single Audits
HIGHLIGHTS
- 2024 Uniform Guidance overhaul
- Increase in Single Audit threshold to $1 million
- Audit planning and execution impacts
- 2025 AICPA GAS/Single Audit Guide (Appendix B) updates
- Audit efficiency and compliance considerations
PREREQUISITES
Prior experience with Single Audits
ADVANCE PREPARATION
None