2024 Annual Update for Governmental Accountants & Auditors

Overview

This course begins with a look at the GASB standards effective this year, including GASB 100, Accounting Changes and Error Corrections and GASB 101, Compensated Absences. We’ll include practical application of the topics in the form of case studies. We’ll then switch gears to review the GASB standards coming down the pike, including major projects of the GASB. When considering the audit side of the house, Yellow Book and Single Audit engagements are considered must-select engagements for Peer Review. This course will cover the Yellow Book independence requirements which are required any time an auditor performs a Yellow Book or Single Audit even when the engagement is for a for-profit entity. The session will also cover the changes to the Uniform Guidance. We’ll close with a look at the key changes in the 2024 Compliance Supplement and the common deficiencies identified by the federal agencies and peer reviewers. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

• GASB 100, Accounting Changes and Error Corrections.
• GASB 101, Compensated Absences.
• Yellow Book and Single Audit engagements.
• Yellow Book independence requirements.
• Changes to the Uniform Guidance.
• 2024 Compliance Supplement and the common deficiencies identified by the federal agencies and peer reviewers.

Prerequisites

Prior experience with GAGAS, Uniform Guidance and governmental accounting

Designed For

Practitioners with governmental clients and those working for governmental entities.

Objectives

After attending this presentation, you will be able to...

• Recall the impact of recent GASB standards on financial reporting.
• Identify independence requirements of Yellow Book.
• Identify changes in the 2024 Compliance Supplement.
• Recognize changes to the Uniform Guidance.

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CPA Crossings. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.