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Governmental and Not-for-Profit Annual Update

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8.00 Credits

Member Price $349

Non-Member Price $419

Overview

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

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
  • Governmental auditing update

    Prerequisites

    Basic knowledge and experience in governmental and not-for-profit accounting and auditing

    Designed For

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

    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.
  • Leader(s):

    Leader Bios

    Renee Rampulla, AICPA

    Renee Rampulla, CPA, CGMA has over twenty years of professional experience. She consults, writes, and lectures on technical accounting and auditing issues. Renee has extensive experience in the auditing of public and privately held entities ranging from the manufacturing and service sectors, to financial services. Previously she was a partner in a regional accounting firm in the northeast in charge of the firm’s accounting and auditing practice and their quality control group. Renee is the founder of Rampulla Advisory Services, LLC. Her clients include nationally recognized professional organizations, accounting firms, companies, publishers and others. By devoting several years of her career at both regional and Big Four accounting firms Renee accumulated a wealth of technical and practical knowledge. In addition, while working for the American Institute of Certified Public Accountants (AICPA), she performed professional ethics investigations; worked closely with senior technical committees; presented technical guidance before standard setters; and authored and updated several AICPA publications. For several years Renee has been an adjunct lecturer at a university in New York City. She has taught numerous undergraduate accounting and auditing courses. Renee enjoys teaching and is an instructor and author of several continuing professional education courses for the AICPA, the New York State Society of Certified Public Accountants’ (NYSSCPA) Foundation for Accounting Education (FAE), and other organizations, covering a variety of FASB and IFRS accounting guidance along with PCAOB and ASB auditing standards. Renee holds a BBA in Public Accounting from Bernard M. Baruch College. She is a member of the AICPA, the NYSSCPA, the New Jersey State Society of Certified Public Accountants (NJSCPA), the Institute of Management Accountants, the American Woman’s Society of Certified Public Accountants, the Association of Certified Fraud Examiners, and the National Conference of Certified Public Accountants Practitioners

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    Non-Member Price $419

    Member Price $349