Accounting & Auditing (Government)

Having to write an audit finding is never fun, but this course will walk you through a process to make it less painful and allows you to meet the requirements of Uniform Guidance and the Yellow Book. Discussion Leader: George Strudgeon

Data from over 35 thousand Single Audits are uploaded each year to the Federal Audit Clearinghouse. This course will provide tips and tricks for analyzing and gaining insights from this data. Discussion Leader: George D. Strudgeon

In this session, we will cover the current state of affairs related to two primary risks facing most government entities today –cybersecurity and fraud – unpacking why both are still relevant, ever-changing, and need to be top of mind at the entity-level. Discussion Leaders: Neal Beggan and Nick Stone

The GASB Leases standard was delayed but will be effective soon. Find out what you need to know to implement this standard efficiently and effectively. 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

In forming an opinion on the financial statements, a strong sense of materiality is critical for a high quality and efficient financial statement audit under Government Auditing Standards. This course will discuss the factors to consider to when establishing both quantitative and qualitative materiality thresholds. Discussion Leader: Jennifer Louis

Financial statement audits often involve audits of components of a larger entity. This course will focus on the responsibilities for both the group auditor and component auditor in this scenario. Discussion Leader: Jennifer Louis

This course covers the important changes to Yellow Book as well as Single Audits. We will review the major changes auditors need to understand when performing audits under GAGAS (aka Yellow Book or Government Auditing Standards). Areas of focus include the updated independence requirements, form and organization of the guidance, and quality control. We will then switch gears and cover the Uniform Guidance including the most recent changes to the Uniform Guidance issued in 2020 as well as the impact of COVID on Single Audits. Discussion Leader: Melisa Galasso