Objectives
• Apply the most recent requirements of GASB and FASB directed toward governments and not-for-profits.
• Recall key points related to the latest developments in OMB and Yellow Book requirements.
• Identify recent activities of the AICPA and how they affect the auditor’s report.
Major Topics
• GASB update
• Not-for-profit accounting update
• Revenue recognition in not-for-profits
• FASB’s lease standard
• FASB update
• Auditor’s report and conforming changes
• Auditing Standards Board update
• SSARS and SSAE update
• Governmental auditing update
