Event Description

We kick off this course with a look at the GASB standards that are effective this year including GASB 100, Accounting Changes and Error Corrections and GASB 101, Compensated Absences. We will then switch to the audit side of the house to examine the impact of the 2024 Compliance Supplement on Single Audits and the changes to the Uniform Guidance. We close with a look at common deficiencies found in Single Audits.

Objectives

Recall the impact of GASB 100 and 101 on financial reporting for governmentsRecall the impact of standards effective in 2024Identify changes to single audits as a result of the 2024 Compliance SupplementRecall common deficiencies found related to Single AuditsRecognize changes to the Uniform Guidance