Governmental Accounting & Auditing Update - Webcast
Overview
Participants will 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.
YELLOW BOOK: Qualifies for Yellow Book CPE based on your unique audited entity.
OSCPA has partnered with the Idaho Society of CPAs for this event.
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 & 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
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 projects on the active standard-setting agenda and their objectives.
- Identify the requirements of recently issued or effective Statements on Auditing Standards (SASs).
- Identify the requirements of Statement on Quality Management Standards (SQMS) 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 affecting auditors of governments and not-for-profits.
- 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.
Leader(s):
Leader Bios
Bruce Shepard, Ret PWC Partner & AICPA Consultant, AICPA
Bruce A. Shepard is a graduate of the Wharton School of Finance and Commerce and holds an MBA in Accounting and Quantitative Methods from the University of Oregon. Bruce is a Retired Partner with PricewaterhouseCoopers who practiced in Portland for 33 years. From 1985-2006, Bruce was in charge of the Middle Market Practice for PwC in Portland, where he served as an Assurance Partner from 1989-2006. From 2006-2010, Bruce was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada where he and his wife, Liz, presently reside. In 2011-12, Bruce was an adjunct professor of accounting at the University of Oregon and at George Fox University. Beginning in 2012 through today, Bruce is an AICPA Consultant instructing over 100 classes a year in accounting and auditing.
(3/22/21)
Non-Member Price $410.00
Member Price $310.00