2025 Annual Update for Governmental Accountants & Auditors
8.00 Credits
Member Price $239
Non-Member Price $259
Overview
This course begins with a look at the GASB standards effective this year, including GASB 100, Accounting Changes and Error Corrections and GASB 101, Compensated Absences. We’ll include practical application of the topics in the form of case studies. We’ll then switch gears to review the GASB standards coming down the pike, including major projects of the GASB. When considering the audit side of the house, Yellow Book and Single Audit engagements are considered must-select engagements for Peer Review. This course will cover the Yellow Book independence requirements which are required any time an auditor performs a Yellow Book or Single Audit even when the engagement is for a for-profit entity. The session will also cover the changes to the Uniform Guidance. We’ll close with a look at the key changes in the 2024 Compliance Supplement and the common deficiencies identified by the federal agencies and peer reviewers.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this course include:
- GASB 100, Accounting Changes and Error Corrections.
- GASB 101, Compensated Absences.
- Yellow Book and Single Audit engagements.
- Yellow Book independence requirements.
- Changes to the Uniform Guidance.
- 2024 Compliance Supplement and the common deficiencies identified by the federal agencies and peer reviewers.
Prerequisites
None
Designed For
Practitioners with governmental clients and those working for governmental entities.
Objectives
After attending this presentation, you will be able to...
- Recall the impact of recent GASB standards on financial reporting.
- Identify independence requirements of Yellow Book.
- Identify changes in the 2024 Compliance Supplement.
- Recognize changes to the Uniform Guidance.
Preparation
None
Leader(s):
Leader Bios
Melisa Galasso, Galasso Learning Solutions
Melisa Galasso, CPA is assionate about providing confidence, not just compliance as she leads Galasso Learning Solutions as Founder & CEO. Melisa is a nationally recognized authority in designing and facilitating courses on advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Since 2016, she has guided the GLS team to deliver quality in everything we do. With a far-ranging career in public accounting, academia and industry and a bachelor’s degree from Georgetown University, Melisa has built a reputation for delivering engaging, effective learning experiences for CPAs. Committed to advancing our profession, she has served on multiple committees for leading industry organizations including the AICPA and FASB, written the nonprofit accounting book, “Money Matters for Nonprofits,” and has been honored with the Top 50 Women in Accounting Award, the Rising Star award from NAWBO Charlotte, and “40 under 40” recognition by CPA Practice Advisor. In her free time, Melisa loves spending time with her family and can often be found at one of her daughter’s horse shows, supporting the arts with tickets to the orchestra, volunteering, or speaking a bit of French or Spanish on one of her treasured quarterly vacations.
Non-Member Price $259
Member Price $239