Accounting & Auditing (Government)

This two hour course will cover the GASB standards that are effective this year with a deeper dive into GASB 94, Public Private Partnerships and GASB 96, Subscription Based IT Arrangements. We’ll also look at smaller standards that are effective for 2023 year ends. Discussion Leader: Melisa Galasso

This course relates to red flags identified and cases within local and state governments. Discussion Leader: Jessica Yohe

The GASB has been working on some big projects lately. This course starts with a look at the GASB standards effective this year, including GASB 94, Public Private Partnerships and GASB 96, Subscription Based IT Arrangements. We will include practical applications in the form of case studies to apply the topics. We will then switch gears to the GASB standards coming down the pike, including the major projects of the GASB. Discussion Leader: Melisa Galasso

This course will review focus areas for peer review for Single Audits and Yellow Book engagements. We will review the requirements for major program determination, testing compliance, testing internal controls over compliance, sampling, and reporting for Single Audits. We also address Yellow Book CPE and independence requirements. This course will provide an overview of common deficiencies found during peer review and how entities can effectively and efficiently avoid these issues when performing these procedures. Discussion Leader: Melisa Galasso

Governments apply fund accounting to provide a broad understanding of the purpose, form and general content of a government’s financial statements prepared in accordance with generally accepted accounting principles promulgated by GASB. Discussion Leader: Jennifer Louis

This course will review focus areas for peer review for Single Audits and Yellow Book engagements. We will review the requirements for major program determination, testing compliance, testing internal controls over compliance, sampling, and reporting for Single Audits. We also address Yellow Book CPE and independence requirements. This course will provide an overview of common deficiencies found during peer review and how entities can effectively and efficiently avoid these issues when performing these procedures. Discussion Leader: Melisa Galasso

Government leases are getting an overhaul. GASB Statement 87 was issued in 2017 and provides an update on the proper accounting for leases from both the lessee and lessor point of view. This course will help attendees understand the nuances of the updated definition of a lease as well as other significant changes to terminology. Attendees will discuss the impact of the changes to financial reporting as well as the key challenges that governments and auditors will need to consider to properly implement the new standard. This interactive course includes the preparation of journal entries to assist in understanding impact. Discussion Leader: Melisa Galasso

Single Audits are not your normal audit that you learned about in college and have very specific federal requirements that auditors must follow. Unfortunately, the last national Single Audit sampling project highlighted many concerns with the quality with Single Audits performed by CPAs. Discussion Leader: George Strudgeon

With new funding and new federal programs being created to combat COVID-19, many more entities are going to need Single Audits. This course will provide an overview of the history of Single Audits, and what they are today, as well as explore what Single Audits could be in the future. Discussion Leader: George Strudgeon

Government accounting is unique compared to generally accepted accounting standards for other types of entities. This course will help bridge the gap in understanding the applicable financial reporting framework promulgated by GASB. Discussion Leader: Jennifer Louis