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Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs
Government
CPE Self-study

Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs

Provides a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors based on calls and inquiries received by both the AICPA and GASB over the past year.

$132 - $245
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online, Text

NASBA Field of Study

Accounting

Level

Update

CPE Credits

10

Author(s)

Lynda M. Dennis

Availability

Learning Outcomes
  • Identify current accounting issues facing governmental and not-for-profit organizations.
  • Recognize audit challenges related to newly effective GASB standards.
  • Apply recent GASB pronouncements to accounting transactions.
  • Recall audit issues related to new and existing GASB standards.
Key Topics
  • Current GASB developments
  • Audit issues related to GASB developments
  • Recent GASB pronouncements and their impact on accounting and reporting
  • Top advice from the AICPA's Technical Hotline and the GASB Technical Inquiry System
Product Details

A review of the top accounting and auditing issues.

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 high quality and non-authoritative but offers viable solutions or reasonable alternatives for accounting and auditing issues related to governmental and nonprofit organizations.

The objective of this self-study course is to enhance participants' knowledge and application of professional judgment by providing a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors based on calls and inquiries received by both the AICPA and GASB over the past year.

Hot topics include:

  • GASB 87, Leases
  • Revenue recognition, including grants and contracts
  • Risk assessment
  • Financial reporting

Self-Study Online Credits

Field of StudyCPEYellow Book
Accounting (Governmental)2.52.0
Auditing (Governmental)1.52.0
Accounting3.54.0
Auditing2.52.0

Please note: GASB, FASB, and the ASB are currently discussing pushing out effective dates mentioned in this course. For the latest information regarding effective dates please visit Coronavirus (COVID-19) audit and accounting resources.

Who Will Benefit
  • External and internal auditors of governmental and nonprofit organizations and governmental and nonprofit accounting professionals
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$205.00
Text
$245.00
AICPA Members
Online
$165.00
Text
$195.00
NFP Section Members
Online
$132.00
Text
$156.00

Looking for group pricing?

We can help with discounts for group orders. Call us at 800-634-6780 (option 1), start a live chat with the icon to the right, or send us a note below.

Contact us
Credit Info
CPE Credits
Online
10
Text
10
NASBA Field of Study
Accounting, Accounting (Governmental), Auditing, Auditing (Governmental)
Level
Update
Prerequisites
An understanding of the not-for-profit and governmental industries.
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Yellow Book Hours
8
Instructors
Lynda M. Dennis
CPA, CGFO, PhD
Lynda Munion Dennis received her under graduate degree in accounting and finance from the University of West Florida and her Master's in Public Administration and her PhD in Public Affairs from the University of Central Florida. She is a Florida CPA as well as a Florida Certified Government Finance Officer. Lynda is a member of the faculty of the Dixon School of Accounting at the University of Central Florida as well as an author and discussion leader for the AICPA. Her most recent government experience was as the finance director for the City of Maitland, Florida. Prior to joining the City of Maitland, she was the Assistant to the Chief Financial Officer-Special Projects for the City of Orlando. Before joining the City of Orlando, Lynda was the Chief Financial Officer for the Central Florida YMCA. Prior to that, she served as the Director of Finance and Administrative Services for the City of Oviedo, Florida for five years. Her experience includes working as an auditor for local and Big 4 firms with an emphasis in the insurance, government and not-for-profit sectors. Lynda also worked as the Special Projects Manager for the Dallas County Community College District and as a grader of CPA exams for the AICPA. Lynda has served as the Chair of the CPE Advisory Committee of the AICPA and as a member of that committee for over seven years. She was a member of the Work/Life Balance and Women's Initiatives Executive Committee of the AICPA from 1997 to 2000. Lynda worked with the Accounting and Financial Reporting Exam Subcommittee of the AICPA for a number of years as well. She is currently serving on the Pre-Certification Education Executive Committee of the AICPA. Additionally, she is active in the FICPA as a current member and former Chairman of the State and Local Government Section, a member of the Editorial Review Board, as former Chair and current member of the CPE Committee, and serves on the Accounting Principles and Auditing Standards Committee for the FICPA. She previously served on the FICPA Government Standards Review Committee for two years, the Accounting Careers Committee, and the Not-for-Profit Conference Committee for two years. Lynda has also served on the CPE Committee of the Central Florida Chapter of the FICPA since 1989 and was President of the Chapter 2004 to 2005. She served as the Chairman of the Technical Resources Committee of the FGFOA in 1993/94 as well as in 2001/02 and was Chairman of the Certification Committee in 2000/01 for the Florida Government Finance Officers Association. In recent years, Lynda has updated the AICPA State and Local Government Accounting and Audit Guide as well as the AICPA Checklists and Illustrative Financial Statements: State and Local Governments and an Audit Risk Alert related to audits of group financial statements. In addition, she has authored several courses for the AICPA in the areas of governmental and not-for-profit accounting, auditing, and fraud as well as courses in internal controls, auditing, and fraud in small entities. Longwood, Florida
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs
Select from the following options:
Online
$205.00
Text
$245.00
Nonmember Price
$245.00
Price excluding sales tax
$245.00
Do you have an AICPA membership? 
Log in to apply your member discount.

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