AICPA's Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs

Description

Preparers of governmental and nonprofit financial statements and their auditors often seek advice from the AICPA’s Technical Hotline as well as from the GASB Technical Inquiry System. The advice they receive from these sources is high-quality and non-authoritative, but offers viable solutions or reasonable alternatives for accounting and auditing issues related to governmental and nonprofit organizations. The objective of this course is to enhance participants’ knowledge and application of professional judgment by providing a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors based on calls and inquiries received by both the AICPA and GASB over the past year.

Highlights

Objectives

When you complete this course you will be able to:

• Understand current accounting issues facing governmental and not- for-profit organizations.
• Recognize audit challenges related to newly effective GASB standards.
• Properly reflect accounting transactions resulting from recent GASB pronouncements.
• Focus on the audit issues related to new and existing GASB standards.

Designed For

External and internal auditors of governmental organizations and governmental accounting professionals