• GASB updates
• Updated Statements on Auditing Standards (SASs)
• Yellow Book & OMB updates affecting single audits
• Ethics updates for governments and not-for-profit entities
Learning Objectives
When you complete this course, you will be able to: • Identify the effect of GASB statements on accounting and financial reporting for state and local governments.
• Identify the requirements of recently issued Statements on Auditing Standards (SASs).
• Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs.
• Recall Yellow Book requirements related to independence, management’s responsibilities, and reporting.
• Recognize resources and considerations for conducting a single audit.
• Identify internal control considerations in a single audit.
Major Topics
• GASB updates
• Updated Statements on Auditing Standards (SASs)
• Yellow Book & OMB updates affecting single audits
• Ethics updates for governments and not-for-profit entities
