You'll 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 0MB and Yellow Book requirements. Additionally, you'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-profits.
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 & 0MB updates affecting single audits
• Ethics updates for governments and not-for-profit entities
