Overview
This comprehensive annual update brings together key accounting and auditing developments affecting governmental and not-for-profit organizations. The course integrates recent standard-setting activity, emerging global frameworks, and major compliance updates to provide a well-rounded view of changes impacting financial reporting and audit requirements. The course will begin with an overview of recent accounting developments affecting not-for-profit organizations. The course then shifts to governmental accounting developments, covering recent pronouncements issued by the Governmental Accounting Standards Board, including GASB Statements No. 103, 104, and 105. Finally, the course addresses recent developments affecting Single Audits, including the 2024 Uniform Guidance overhaul.
Objectives
- Recognize the impact of recent accounting standards affecting not-for-profit organizations.
- Identify key elements and objectives of the International Non-Profit Accounting Standards.
- Recall the impact of recent GASB pronouncements on governmental financial reporting.
- Identify new and updated disclosure and reporting requirements affecting governmental entities.
- Recognize changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance.
- Recall key developments from recent exposure drafts, implementation guidance, and regulatory updates affecting governments and not-for-profits.
