Webinar

Governmental and Not-for-Profit Annual Update

If you have questions about this event, please call us at 952-831-2707.

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

Major subjects

• GASB update.
• Not-for-profit accounting update.
• GASB Statement No. 103, Financial Reporting Model Improvements.
• GASB Statement No. 104, Disclosure of Certain Capital Assets.
• FASB Accounting Standards Update (ASU) ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.
• ASU No. 2023-08, Intangibles – Goodwill and Other – Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets.
• ASU No. 2025-05, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets.
• 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, as well as the projects that are on the active standard-setting agenda and their objectives.
• Apply the provisions of recently implemented GASB Statements.
• Apply the provisions of recent FASB Accounting Standards Updates.
• 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 the projects and objectives on the Auditing Standard Board’s 2026-2027 audit standard-setting workplan agenda that may affect auditors.
• Distinguish the provisions of the Government Auditing Standards 2024 Revision.
• 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 $349.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.