Checkpoint Learning

Course Detail

Government & Nonprofit Update  

CATEGORY: Accounting & Auditing
8 CPE Credits
Level: Update

In this session, you will understand the recent changes to generally accepted accounting principles (GAAP) that affect governmental and nonprofit entities. This session also provides an update on compliance and financial statement auditing that includes Compliance Audits AU-C935, government auditing standards- 2011 revisions, generally accepted auditing standards (the AICPA clarity project), and industry and regulatory developments. Attending this webinar will improve your ability to identify the significant authoritative pronouncements that have been recently issued and assess practice issues.

This webinar will cover:

  • GASB Statements No. 60 to 71
  • GASB current projects
  • Other GASB updates such as: Implementation guides, Codification, White Paper, and Governmental Accounting Research System (GARS)
  • Government Auditing Standards – 2011 revisions relating to financial audits
  • OMB – 2014 Compliance Supplement
  • Reforms for Federal Grants (2 CFR 200)
  • FASB Accounting Standards Updates and Exposure Documents that may be relevant to nonprofit entities
  • Overview of changes to recent AICPA Audit and Accounting Guide for State and Local Governments
  • Overview of changes to recent AICPA Audit and Accounting Guide for Not-for-Profit Entities
  • Summary of AICPA Clarity Project
Instructor: Troy Manning
Instructor assignments are fluid and subject to change.

Please see outline below for webinar break schedule.

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Learning objectives

Course outline