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Title : Yellow Book Update

Presented By : Melisa Galasso

More and more entities need Yellow Book engagements, including a growing number of for-profit entities. In this course, we will review the unique independence requirements in GAGAS. We'll also review the new engagements that have been created as alternatives to Single Audits that requires the auditor to follow Yellow Book.

Field(s) of Study: Auditing Governmental

NASBA Approved

Update Level

2.0 Hrs

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    Learning Objectives

    • Describe alternative engagements to single audits subject to Yellow Book 
    • Recall the independence requirements in Yellow Book

    Level

    Update

    Prerequisites

    Knowledge of and experience with Yellow Book and its application to audits

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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 : Risk Assessment - A Common Deficiency

Presented By : Melisa Galasso

The AICPA has determined than 1 in 10 firms are not compliant with the risk assessment standards. This course will discuss how to properly identify risks and assess risks under AU-C 315. We will then review how to respond to identified risks under AU-C 330. The course will focus on the inherent risk model. We will also review common deficiencies and how a proper risk assessment can drive a more efficient and effective audit. 

Field(s) of Study: Auditing

NASBA Approved

Basic Level

1.0 Hrs

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    Learning Objectives

    • Recognize the audit risk model 
    • Perform risk assessment procedures compliant with the audit standards

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : Internal Control Frameworks for Single Audit

Presented By : Melisa Galasso

  • The Uniform Guidance identifies COSO and Green Book as best practices in internal control. This course will cover the background on COSO and its 2013 update. We’ll also review the application of COSO to Green Book. Attendees will learn how to leverage Part 6 of the Compliance Supplement for documentation of internal controls. 
Field(s) of Study: Auditing Governmental

NASBA Approved

Basic Level

1.0 Hrs

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    Learning Objectives

        • Describe the five components of internal controls 
        • List the benefits of internal control frameworks 
        • Explain the reasons for the COSO 2013 Update 

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : Not-for-Profit Accounting Update

Presented By : Melisa Galasso

This course begins with a look at the Accounting Standards Updates (ASUs) issued by the FASB that impact nonprofit entities, including a deep dive into the leases standard, which is effective for many nonprofits this fiscal year. In the second half, we will examine the Not-for-Profit Advisory Committee (NAC), which has been meeting with FASB to discuss the impact of various standards on the nonprofit community. We will explore the work of the NAC and the impact they've had. Finally, we close with another hot topic as we look at common deficiencies found in grant accounting.

Field(s) of Study: Accounting Governmental

NASBA Approved

Update Level

4.0 Hrs

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    Learning Objectives

    • Recall the impact of ASUs on nonprofit organizations 
    • Identify the financial reporting impact of Topic 842, Leases 
    • Recall the activities of the nonprofit advisory committee 
    • Identify common deficiencies in grant accounting

    Level

    Update

    Prerequisites

    Knowledge of and experience with not-for-profit accounting

    Advanced Preparation

    None

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Title : Introduction to Yellow Book

Presented By : Melisa Galasso

Performing engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS or “Yellow Book”) requires additional reporting, ethics, and performance requirements. This course will identify and review the guidance found in the Yellow Book and analyze the relationship between Government Auditing Standards and the AICPA Code of Professional Conduct. We will review the Yellow Book requirements for financial statement audits while also touching upon ethical principles and independence.

Key Topics

  • Ethical requirements and independence Reporting
  • Financial statement audit differences
Field(s) of Study: Auditing Governmental

NASBA Approved

Basic Level

2.0 Hrs

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    Learning Objectives

    Describe the unique auditing requirements in the Yellow Book

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : Introduction to Single Audit

Presented By : Melisa Galasso

Single Audits are an area of focus for the AICPA's Enhancing Audit Quality Initiative. The Uniform Guidance provides very unique audit requirements when auditing federal funds. This course will look into the unique performance and reporting requirements in Single Audits. Participants will have a basic understanding of internal controls over compliance, compliance requirements, how to use the Compliance Supplement, and the elements of a finding in a Single Audit.

Key Topics:

  • Uniform Guidance
  • Internal Controls over Compliance
  • Reporting
Field(s) of Study: Accounting Governmental

NASBA Approved

Basic Level

2.0 Hrs

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    Learning Objectives

    • Describe the unique auditing requirements in the Uniform Guidance

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : Introduction to Not for Profit Accounting

Presented By : Melisa Galasso

Nonprofits face unique accounting challenges. This course will introduce attendees to the financial statements and unique accounting principles applicable to not-for-profit organizations. Specifically, we will focus on the typical transactions and account balances unique to NFPs, including net assets, agency transactions, contributions, endowments, and programmatic investments.

Key Topics:

  • Contributions
  • Net asset categories
  • Endowments
  • Programmatic Investments
Field(s) of Study: Accounting Governmental

NASBA Approved

Basic Level

2.0 Hrs

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    Learning Objectives

    • Recall the unique accounting principles and transactions applicable to NFP organizations

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : Introduction to Governmental Accounting

Presented By : Melisa Galasso

Governmental accounting is very unique. This course will introduce the financial reporting basics for governments, including fund accounting and the modified accrual basis of accounting. Attendees will analyze the layouts of the fund financial statements as well as the government-wide financial statements. The course will also cover the concept of component units, Management Discussion & Analysis (MD&A), and the Annual Comprehensive Financial Report.

Key Topics:

  • Fund accounting
  • Governmental Financial Statements
  • Intro to Governmental Accounting
Field(s) of Study: Accounting Governmental

NASBA Approved

Basic Level

2.0 Hrs

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  • More Info

    Learning Objectives

    Describe the unique accounting principles and transactions applicable to governmental entities.

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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Title : Managing Change in an Ever-Changing Profession

Presented By : Melisa Galasso

Change is all around us and the pace of that change continues to accelerate. CPAs who can effectively manage change will be the future leaders of the profession. As organizations and the CPA profession continue to evolve, professionals will need to demonstrate resilience and a future-ready skillset to thrive in this ever-changing world. This course will look at practical ways CPAs can not only accept the change that is happening around them, but also effectively manage that change efficiently and effectively. 

Field(s) of Study: Business Management & Organization

NASBA Approved

Basic Level

2.0 Hrs

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  • More Info

    Learning Objectives

    Identify skills need in the change management process 

    Describe change model

    Level

    Basic

    Prerequisites

    None

    Advanced Preparation

    None

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