Governmental Accounting and Auditing Update WEBCAST - Partnered with the Idaho Society
Overview
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 OMB and Yellow Book requirements. Additionally, they’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-profit entities.
Highlights
GASB updates. Updated Statements on Auditing Standards (SASs). Statement on Quality Management Standards (SQMS) No. 1, A Firm’s System of Quality Management. SQMS No. 2, Engagement Quality Reviews. SQMS No. 3, Amendments to QM Sections 10, A Firm’s System of Quality Management, and 20, Engagement Quality Reviews. Yellow Book and OMB updates affecting single audits. Ethics updates for governments and not-for-profit entities.
Prerequisites
Knowledge of government accounting and auditing.
Designed For
Preparers of government financial statements. Auditors of government financial statements. Users of government financial statements.
Objectives
Identify the effect of GASB statements on accounting and financial reporting for state and local governments. Identify the projects that are on the active standard-setting agenda and their objectives. Identify the requirements of recently issued or effective Statements on Auditing Standards. Identify the requirements of Statement on Quality Management Standards No. 1, A Firm’s System of Quality Management, SQMS No. 2, Engagement Quality Reviews, and SQMS No. 3, Amendments to QM Sections 10, A Firm’s System of Quality Management, and 20, Engagement Quality Reviews. Identify recent changes to the AICPA Code of Professional Conduct that affect auditors of governments and NFPs. Distinguish the provisions of the Government Auditing Standards 2024 Revision. Identify Yellow Book requirements related to independence, management’s responsibilities, and reporting. Identify changes to the Uniform Guidance.
Preparation
None.
Notice
Leader(s):
Leader Bios
Bruce Shepard, AICPA In-House Training
Bruce Shepard was most recently an assistant professor of accounting at George Fox University and an adjunct professor of accounting at the University of Oregon, prior to becoming an instructor for the AICPA in 2012. From 2006-2010, Mr. Shepard was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada, where he had full management responsibility for all financial affairs, daily business operations, administration and human resources. From 1985-2006, Mr. Shepard was in charge of the Middle Market Practice for PricewaterhouseCoopers, LLP in Portland, Oregon, where he served as an Assurance Partner from 1989-2006 focusing on providing proactive business advisory services to fast-growing companies. At PricewaterhouseCoopers, LLP, Mr. Shepard spearheaded over 100 acquisitions and divestitures by leading in the financial structuring and negotiations. He worked with clients to develop strategic plans for short-term and long-term growth. He assisted both start-up companies and beyond start-up companies with attaining their needed growth capital. Mr. Shepard wrote an article, Financing Entrepreneurs, in 1999 for the Oregon Society of Certified Public Accountants. Mr. Shepard was awarded “Beta Alpha Psi Professional of the Year” in 2006 for sustained involvement with the University of Oregon.
Non-Member Price $410.00
Member Price $310.00