Governmental Accounting and Auditing Update

Overview

Highlights

• New GASB Reporting Model Changes - Stmt. 103
• Capital Asset Disclosures - Stmt. 104
• Key materiality requirements of GASB Stmt. No. 34
• New 2024 Yellow Book - Government Auditing Standards
• Current OMB "Uniform Guidance" compliance supplement
• GASB Concepts No. 4 - Elements of Financial Statements
• Highlights from selected GASB Stmts. 69-83
• GASB Stmt. No. 84 - Fiduciary Activities
• GASB Stmt. No. 85 - 92, various topics, including leases
• GASB Stmts. No. 93-99, including No. 95 - Postponement of Effective Dates
• GASB Stmt. No. 100 - Accounting Changes and Error Corrections
• GASB Stmt. No. 101 - Compensated Absences
• GASB Stmt. No. 102 - Certain Risk Disclosures
• Recent SAS's, including No 134 - Auditor Reports, and No. 138 - Materiality

Prerequisites

Working knowledge of general governmental accounting and auditing.

Designed For

Government finance officials and CPA’s who perform accounting and auditing services for state and local governments.

Objectives

To update accountants and auditors on recent developments applicable to state and local governments

Preparation

None

Notice

• This event is paperless unless you elect to pay for printed materials. • All materials will be available to download in advance and participants will receive an email two days prior to the course date. • Materials will also be posted in the “My CPE” section of the NESCPA website. • Parking and lunch are provided on-site