Governmental and Not-for-Profit Annual Update

The latest GASB developments and federal audit changes affecting governments and not-for-profits (NFPs) are explored in this update overview.

Learning Objectives:

'- Identify the effect of GASB statements on accounting and financial reporting for state and local governments.

- Identify how FASB's accounting updates affect not-for-profit financial statements.

- Apply FASB Accounting Standards Update (ASU) No. 2016-13, *Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments*, to an example financial instrument.

- Identify the requirements of recently issued Statements on Auditing Standards (SASs).

- Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs.

- Identify changes made in the Government Auditing Standards 2024 Revision.

Who will benefit:

Accountants and finance professionals working with governments and not-for-profits

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.