Look at the GASB standards effective this year, including GASB 100, Accounting Changes and Error Corrections and GASB 101, Compensated Absences. Discuss the NFP side of the house by looking at the Accounting Standard Updates issued by the FASB that impact nonprofit entities. Review the work of the Not-for-Profit Advisory Committee (NAC) and the projects they advise the FASB on. Dive deeper into Yellow Book and Single Audit engagements and look at the significant changes in the 2024 Compliance Supplement, the changes to the Uniform Guidance and the common deficiencies identified by the federal agencies and peer reviewers.