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Title : SSAE 19 - Agreed Upon Procedures

Presented By : Melisa Galasso

Agreed Upon Procedures (AUPs) are getting an upgrade. SSAE 19 was issued to address issues found in practice with AUPs. We’ll discuss how to properly perform AUP engagements with a focus on what is changing. 

Key Topics: 

SSAE 19 

AUP changes 

Field(s) of Study: Auditing

NASBA Approved

Update Level

1.0 Hrs

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    Learning Objectives

    Describe procedures required in an AUP engagement 

    Level

    Update

    Prerequisites

    Prior experience with AUP Engagements

    Advanced Preparation

    None

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Title : Yellow Book Update

Presented By : Melisa Galasso

This two-credit Yellow Book Update will cover some of the recent guidance issued by the Government Accountability Office. We will review the 2021 Technical Update to the 2018 Uniform Guidance as well as the GAO guidance on data quality. We'll also cover the GAO's identification of the most high-risk areas in government. The course will close with a look at Yellow Book independence requirements, which is frequently cited as an issue by Peer Review.

Key Topics

Yellow Book Independence

Data quality

Technical Update

Field(s) of Study: Auditing Governmental

NASBA Approved

Update Level

2.0 Hrs

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    Learning Objectives

    • Identify the technical updates to Yellow Book
    • Recall best practices in data quality
    • Describe independence requirements in the 2018 Yellow Book

    Level

    Update

    Prerequisites

    Prior experience with GAGAS

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Title : Applying GASB 84 Fiduciary Activites

Presented By : Melisa Galasso

GASB Statement No. 84, Fiduciary Activities, made major changes to the requirements for reporting fiduciary activities. This course will review the key requirements to determine whether an activity should be reported as a fiduciary activity or as a governmental or business-type activity. Attendees will be able to test their knowledge with case studies. The course also addresses amendments to GASB 84 in particular those for defined contribution plans. 
Key Topics: 
  • Definition of control 
  • Impact of direct financial involvement and administrative involvement 
  • GASB Statements No. 84 and 97 
Field(s) of Study: Accounting Governmental

NASBA Approved

Update Level

1.0 Hrs

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    Learning Objectives

    Analyze a transaction to determine if it’s a fiduciary activity

    Recognize the reporting requirements for fiduciary activities

    Level

    Update

    Prerequisites

    Prior experience with financial reporting and auditing of governmental entities

    Advanced Preparation

    None

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Title : The Continued Impact of COVID on Accounting and Auditing

Presented By : Melisa Galasso

This course will address the accounting and auditing for COVID-19 funds ranging from the CARES Act to ARP and everything in between. Attendees will address accounting issues ranging from goodwill and asset impairment to risk and uncertainty disclosures. The AICPA predicts there will be more than 10,000 new single audits due to all the federal funding related to COVID. We’ll address the impact on Single Audits including instructions in the 2021 Compliance Supplement. We’ll close with a look at remote auditing in a COVID environment. 


Key Topics:

CARES Acts 

Single Audits 

Remote work 

Field(s) of Study: Accounting, Auditing

NASBA Approved

Basic Level

2.0 Hrs

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  • More Info

    Learning Objectives

    Identify the impact of COVID-19 on Single Audits 

    Recognize the impact of COVID-19 on financial reporting

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : Accounting and Auditing Update for Small Business

Presented By : Melisa Galasso

In this course, we will look at the recent activities of the FASB, the Auditing Standards Board (ASB), and Accounting & Review Services Committee (ARSC) that impact small businesses. We will discuss the impact of the new standards and how you can prepare to implement them in a practical way. This course is tailored to focus on topics primarily impacting smaller entities. It does not cover some of the more complex accounting requirements not commonly found in smaller entities.

Key Topics

Private company ASUs

Audit evidence

Quality Management

Field(s) of Study: Accounting, Auditing

NASBA Approved

Update Level

4.0 Hrs

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    Learning Objectives

    • Identify accounting standards impacting small business financial reporting
    • Describe how audit standards will impact the audits of small businesses
    • Recall the impact of QM on audit firms

    Level

    Update

    Prerequisites

    Prior experience with US GAAP or GAAS

    Advanced Preparation

    None

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Title : Yellow Book Ethics

Presented By : Melisa Galasso

The 2018 Yellow Book addresses key concepts of ethics including the public interest, integrity, objectivity, and professional behavior. This course will review the key concepts and their application to auditors in a governmental environment. We’ll also review changes to the independence standards in the 2018 Revision.


Key Topics

  • Independence
  • Ethical principles
Field(s) of Study: Regulatory Ethics

NASBA Approved

Intermediate Level

2.0 Hrs

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    Learning Objectives

    • Identify changes to independence rules in the 2018 Yellow Book
    • Recognize the ethical principles in GAGAS

    Level

    Intermediate

    Prerequisites

    Prior experience with Yellow Book

    Advanced Preparation

    None

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Title : Single Audit Update

Presented By : Melisa Galasso

This course will keep you informed about what’s going on in Uniform Guidance including the new compliance supplement including a focus on ARPA funding. We will also review the 2020 update to the Uniform Guidance. We close with a look at Part 6 of the Compliance Supplement with a focus on internal controls over compliance which is a common audit deficiency. This course will help firms keep up to date with the information they need to perform Single Audits in these changing times.

Key Topics

Changes to Uniform Guidance

ARPA Funding

Internal Controls Over Compliance

Field(s) of Study: Auditing Governmental

NASBA Approved

Update Level

2.0 Hrs

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  • More Info

    Learning Objectives

    Recognize the impact of COVID on Single Audits

    Identify changes to the Uniform Guidance

    Recall how to leverage Part 6 when documenting internal controls over compliance

    Level

    Update

    Prerequisites

    Prior experience with single audits

    Advanced Preparation

    None

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Title : Accounting and Auditing Update

Presented By : Melisa Galasso

This course will cover what's going on at both the FASB and AICPA by reviewing the standards effective this year. We'll start with a review of the Accounting Standards Updates (ASUs) issued by the FASB that will be effective this year including a deep dive into Topic 842, Leases. The course will address those standards that will be effective for both public and private entities in 2022. We'll then turn our attention to the audit side of the house with a focus on SAS 142 which is effective this year. This course is a great way to overview all the A&A standards effective this year.

Key Topics

Leases

FASB Update

Audit Evidence

Field(s) of Study: Accounting, Auditing

NASBA Approved

Update Level

4.0 Hrs

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  • More Info

    Learning Objectives

    Recognize changes to financial reporting effective in 2022

    Recall the definition of a lease under Topic 842 Identify changes to the requirements for audit evidence

    Level

    Update

    Prerequisites

    Prior experience with GAAP or GAAS

    Advanced Preparation

    None

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Title : Common Issues in Auditing Student Financial Aid

Presented By : Melisa Galasso

Performing an audit of Student Financial Assistance under the Uniform Guidance requires significant attention to detail. During this course, we will review the requirements from the Department of Education for Title IV funding and the related audit requirements. We will also discuss some of the common deficiencies identified by the Department of Education and best practices for avoiding these recurrent issues.


Key Topics: 

Student Financial Assistance

Title IV

Uniform Guidance


Field(s) of Study: Auditing Governmental

NASBA Approved

Basic Level

2.0 Hrs

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  • More Info

    Learning Objectives

    • Describe procedures to test compliance with student financial aid

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : What's Going on at the GASB

Presented By : Melisa Galasso

This course reviews accounting standards issued by the Government Accounting Standards Board (GASB) that will be effective this year as well as those that will be effective in the near future. In addition to reviewing the standards, we will also focus on implementation strategies and challenges. Finally, we will turn our attention to the future by discussing GASB’s current projects and exposure drafts.

Key Topics

Leases

SBITAs

Public Private Partnerships

Revenue & Expense Recognition

Financial Reporting Model

Field(s) of Study: Accounting Governmental

NASBA Approved

Update Level

4.0 Hrs

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  • More Info

    Learning Objectives

    • Describe the impact of newly issued and recently effective standards on governmental accounting
    • Identify proposed changes to governmental financial reporting

    Level

    Update

    Prerequisites

    Prior experience with accounting for governmental entities

    Advanced Preparation

    None

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