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Auditing, Assurance, and Ethics Update for Governments and Not-for-Profits

Tuesday, Dec. 15   2:30pm - 5:00pm

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2.50 Credits

Member Price $99.00

Non-Member Price $119.00

Overview

Navigating auditing changes for governments and not-for-profit

Change can be difficult if you do not have the information necessary to implement the new guidance.

Designed for auditors and preparers of NFP and government financial statements, this course will help you keep abreast of recent changes applicable to your work.

Topics covered include:

  • Auditing Standards Board updates
  • Quality management standards
  • Ethics updates
  • Changes to Uniform Guidance

    Objectives

    • 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 work plan agenda that may affect auditors.
    • 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.

    Highlights

  • Auditing Standards Board updates
  • SQMS No. 1, SQMS No. 2, and SQMS No. 3
  • Ethics considerations for auditors of governments and not-for-profits
  • *Government Auditing Standards 2024 Revision*

    Designed For

  • Preparers of NFP and government financial statements
  • Auditors of NFP and government financial statements

    Prerequisites

    Knowledge of auditing standards and the government and NFP environments

    Notice

    You will receive an email from the AICPA with instructions to access the webinar.

  • Leader(s):

    Leader Bios

    Bruce Shepard

    Bruce Shepard CPA Las Vegas, Nevada Bruce Shepard was most recently an assistant professor of accounting at George Fox University and an adjunct professor of accounting at the University of Oregon, prior to becoming an instructor for the AICPA in 2012. From 2006-2010, Mr. Shepard was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada, where he had full management responsibility for all financial affairs, daily business operations, administration and human resources. From 1985-2006, Mr. Shepard was in charge of the Middle Market Practice for PricewaterhouseCoopers, LLP in Portland, Oregon, where he served as an Assurance Partner from 1989-2006 focusing on providing proactive business advisory services to fast-growing companies. Bruce has many years of governmental experience around Portland, Oregon where he practiced for 3 years. In addition, Bruce has taught all of the governmental accounting and auditing classes for the AICPA for the last four years including being the lead instructor on GASB 68. Presently, Bruce is the author of the AICPA course, Audits of Banks and Other Financial Institutions. At PricewaterhouseCoopers, LLP, Mr. Shepard spearheaded over 100 acquisitions and divestitures by leading in the financial structuring of the transactions. He worked with clients to develop strategic plans for short-term and long-term growth. He assisted both start-up companies and beyond start-up companies with attaining their needed growth capital. Mr. Shepard wrote an article, Financing Entrepreneurs, in 1999 for the Oregon Society of Certified Public Accountants. Mr. Shepard was awarded “Beta Alpha Psi Professional of the Year” in 2006 for sustained involvement with the University of Oregon.

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    Non-Member Price $119.00

    Member Price $99.00