We mostly focus on the income statement, but what about other financial statements and countless other accounting concerns? This seminar is dedicated to breaking down common balance sheet issues, both on-the-books and off, that have an impact on our stakeholders and the value of the organization. Using practical analysis, we highlight several key tools in understanding and communicating the importance of the forgotten cornerstone of accounting: the balance sheet. Most notably, we dedicate time to the pressing issue of “unrecorded assets”. This session is designed to also be fun and entertaining. This seminar stands on its own but is also part of the Common Sense CFO 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