Self-Study

Governmental and Not-for-Profit Annual Update

---

Change is inevitable and at times overwhelming if you are unprepared. Ensure that you understand the recent developments in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools and knowledge to implement the new standards.

Major subjects

• GASB update.
• Not-for-profit accounting update.
• Compensated absences.
• GASB Statement No. 102, Certain Risk Disclosures.
• FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments--Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
• Statement on Quality Management Standards (SQMS) No. 1, 2, and 3.
• Auditing Standards Board update.
• Governmental auditing update.

Learning objectives

• Identify the effect of GASB statements on accounting and financial reporting for state and local governments.
• Identify the projects that are on the active standard-setting agenda and their objectives.
• Identify when a liability should be recorded for compensated absences.
• Apply the disclosure criteria related to concentrations and constraints to determine whether and how to make disclosures required under GASB Statement No. 102, Certain Risk Disclosures.
• Identify how FASB's Accounting Standards 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.
• Apply ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, to various goodwill scenarios.
• Identify the requirements of recently issued or effective Statements on Auditing Standards (SASs).
• Identify the requirements of Statement on Quality Management Standards (SQMS) No. 1, A Firm's System of Quality Management, SQMS No. 2, Engagement Quality Reviews, and SQMS No. 3, Amendments to QM Sections 10, A Firm's System of Quality Management, and 20, Engagement Quality Reviews.
• Identify recent changes to the AICPA Code of Professional Conduct that affect auditors of governments and NFPs.
• Distinguish the provisions of the Government Auditing Standards 2024 Revision.
• Identify Yellow Book requirements related to independence, management's responsibilities, and reporting.
• Identify changes to the Uniform Guidance.

Who should take this program?

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

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $290.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

---

Related programs

Sept. 10, 2026 | ACPEN Signature 2026: Governmental Accounting & Auditing Update | Webinar

Sept. 11, 2026 | Surgent's Latest Developments in Government and Not-for-Profit Accounting and Auditing | Webinar

Sept. 18, 2026 | What's Going on at the GASB | Webinar

Sept. 24, 2026 | Surgent's Latest Developments in Government and Not-for-Profit Accounting and Auditing | Webinar

Sept. 29, 2026 | Annual Update on the 2024 Revised Uniform Guidance and Time and Effort Reporting | Webinar

---

Related products

Surgent's Latest Developments in Government and Nonprofit Accounting and Auditing | Self-Study (Downloadable PDF)

Surgent's Latest Developments in Government and Nonprofit Accounting and Auditing | Self-Study (On-Demand)

Surgent's Latest Developments in Governmental Accounting and Auditing | Self-Study (Downloadable PDF)

Governmental Accounting and Auditing Update | Self-Study (On-Demand)

---