Preparers of governmental and nonprofit financial statements and their auditors often seek advice from the AICPA’s Technical Hotline as well as from the GASB Technical Inquiry System. The advice they receive from these sources is non-authoritative but high-quality, and offers viable solutions or reasonable alternatives for common accounting and auditing issues.
The objective of this CPE course is to enhance your knowledge and application of professional judgment for the top issues faced by preparers and auditors based on calls and inquiries received by both the AICPA and GASB over the past year.
Understand current accounting issues facing governmental and not-for-profit organizations.
Recognize audit challenges related to newly effective GASB standards.
Properly reflect accounting transactions resulting from recent GASB pronouncements.
Focus on the audit issues related to new and existing GASB standards.