2024 Governmental & Not-for-Profit Annual Update

Description

Understand the latest on governmental accounting and auditing with this fast paced interactive course that analyzes the GASB requirements for governments and provides an understanding of OMB and Yellow Book requirements. Learn about important updates to auditing standards and best practices including recent GASB updates, the latest SAS requirements, changes to requirements for auditing federal funds, and ethics updates affecting government and not-for-profits.

Highlights

  • GASB update
  • Not-for-profit accounting update
  • Revenue recognition in not-for-profits
  • FASB’s lease standard
  • FASB update
  • Auditor’s report and conforming changes
  • Auditing Standards Board update
  • SSARS and SSAE update
  • Governmental auditing update

Objectives

When you complete this course, you will be able to:

  • Apply the most recent requirements of GASB and FASB directed toward governments and not-for-profits.
  • Recall key points related to the latest developments in OMB and Yellow Book requirements.
  • Identify recent activities of the AICPA and how they affect the auditor’s report.

Designed For

Accounting and finance personnel responsible for accounting and financial reporting for governments and not-for-profit entities and auditors for these entities

Leaders

Jeffrey Lieman

Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals. In 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Lieman's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.