What is Changing in Risk Assessment (SAS 145)
Title : What is Changing in Risk Assessment (SAS 145)
Instructors : Melisa Galasso
SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, was issued in October 2021. The audit standard amends AU-C 315, including many changes to address common audit deficiencies. This course will provide an overview of SAS 145 and its changes to AU-C 315. Attendees will have an opportunity to evaluate the impact on audit methodology and documentation.
Field(s) of Study: Auditing
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Learning Objectives
Recall changes to risk assessment requirements
Identify impact on audit methodology
Level
UpdatePrerequisites
Prior experience with AU-C 315
Advanced Preparation
None
Independence For Auditors - AICPA, PCAOB, GAO & DOL
Title : Independence for Auditors - AICPA, PCAOB, GAO, and DOL
Instructors : Melisa Galasso
This
course will look at the various rules related to Independence and compare and
contrast the requirements. This overview course will help auditors understand
the nuances of independence and insure they meet the requirements to perform
attest services for their clients. We will review the requirements for the
AICPA, GAO, DOL and PCAOB.
Field(s) of Study: Auditing
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Learning Objectives
Recognize the requirements for independence under AICPA, GAO, DOL and PCAOB
Level
UpdatePrerequisites
Prior experience with independence rules
Common Deficiencies in SSARS Engagement
Title : Common Deficiencies in SSARS Engagements
Instructors : Melisa Galasso
While SSARS 21 has been around for nearly a decade, preparation, compilation and review engagements continue to be a hot topic for peer review. This course will concentrate on the most common peer review findings with a focus on how to comply in an efficient but practical perspective. This course will discuss the root cause of noncompliance so that overall engagement quality increases.
Key Topics:
* Compilation and review engagements
* Peer review
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Field(s) of Study: Auditing
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Learning Objectives
- Describe common deficiencies identified in peer review
- Identify methods to improve quality
- Recognize root causes of noncompliance
Level
BasicPrerequisites
Experience with compilation and review engagements
Advanced Preparation
None
Introduction to Yellow Book - 8 Credit Boot Camp
Title : Introduction to Yellow Book - 8 Credit Boot Camp
Instructors : Melisa Galasso
This course is designed for accountants in public practice and industry who focus on nonprofit and governmental entities. We will cover the basics needed to understand what makes nonprofit and governmental accounting & auditing unique. The course starts with the key financial reporting differences for governmental and nonprofit entities and then switches focus to review the fundamentals of Yellow Book and Uniform Guidance audits. This foundational course is perfect for those getting started in the nonprofit and governmental arena and those looking for a refresher.
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Field(s) of Study: Auditing Governmental , Accounting Governmental
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Learning Objectives
- Identify the proper accounting for governmental entities
- Recognize the CPE, reporting and independence requirements in Yellow Book
- Recall the performance and reporting requirements for Uniform Guidance
- Identify the proper accounting for transactions unique to nonprofit organizations
Level
BasicPrerequisites
None
Advanced Preparation
None
Benefits and Best Practices for Telework
Title : Benefits and Best Practices for Telework
Instructors : Alex Romero
Prior to the COVID-19 pandemic, telework in state and local government was not often embraced as a form of employment. As the pandemic continues, governments are beginning to experience the benefits of remote work and are reevaluating hiring practices to offer more telework and hybrid work options, not simply as a result of an emergency. This course will review various telework options and best practices for success.
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Field(s) of Study: Business Management & Organization
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Learning Objectives
- Distinguish between the four different personality styles of communication.
- Recall best practices in facilitating remote presentations.
Level
BasicPrerequisites
None
Advanced Preparation
None
Financial Statement Fraud
Title : Financial Statement Fraud
Instructors : Jacyln Veno
One of the three major forms of occupational fraud, along with corruption and asset misappropriation, is financial statement fraud. From improper asset valuation to fictitious revenues, this course will review financial statement fraud red flags and examine real-life examples.
Field(s) of Study: Auditing
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Learning Objectives
- Identify trends in financial statement fraud
- Recall examples of financial statement fraud schemes
- Describe audit procedures required to respond to fraud risk
Level
BasicPrerequisites
None
Advanced Preparation
None
Introduction to Ethics & Professional Skepticism
Title : Introduction to Ethics & Professional Skepticism
Instructors : Jacyln Veno
Ethics and professional skepticism are a cornerstone of public accounting. This course will review the Code of Ethics for Professional Accountants that practitioners must adhere to. This course will outline the pressures, opportunities, and rationalizations that lead to instances of fraud. In addition, this class will walk through some interactive examples to illustrate various scenarios of noncompliance during engagements.
Field(s) of Study: Regulatory Ethics
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Learning Objectives
- Recognize noncompliance with ethical standards during engagements
- Recall the five fundamental principles of ethics for professional accountants
Level
BasicPrerequisites
None
Advanced Preparation
None
2025 Govt Auditing Update: Yellow Book & Uniform Guidance
Title : 2025 Governmental Auditing Update: Yellow Book & Uniform Guidance
Instructors : Melisa Galasso
This course provides a concise update on key changes in governmental auditing. We’ll review the 2024 Yellow Book updates, including the shift from quality control to quality management, key audit matters, and implementation timelines. For Single Audits, we’ll cover the 2024 Uniform Guidance updates, the 2025 Compliance Supplement, GAO reports on improper payments and fraud, the Financial Data Transparency Act (FDTA), and recent Department of Education guidance on related parties. Stay informed on critical standards and updates to ensure compliance and audit quality.
Field(s) of Study: Auditing Governmental
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Learning Objectives
- Recall the components of quality management in the 2024 Yellow Book
- Identify changes to single audits as a result of the 2025 Compliance Supplement
- Recognize the impact of the 2024 Uniform Guidance on Single Audits
- Identify the key findings in GAO's Improper Payments: Information on Agencies’ Fiscal Year 2023 Estimates report (GAO-24-106927)
- Recognize the requirements of the FDTA
- Identify the impact of the DOE's Related Party Disclosure Requirements on education audits
- Identify the strategies recommended to fight fraud from the AICPA’s Government Performance and Accountability Committee's Detecting Government Fraud report
Level
UpdatePrerequisites
Prior experience with GAGAS and Uniform Guidance
Resistance to Resilience: Striving for Technology Change Acceptance
Title : Resistance to Resilience: Striving for Technology Change Acceptance
Instructors : Peter Zender
Technology adoption often comes with resistance, but it's possible to transform this challenge into an opportunity for growth. This course explores the journey from resistance to resilience in embracing new technologies, focusing on overcoming barriers and ensuring successful implementation. Participants will examine cutting-edge audit technologies, including AI, data analytics, and automation, and learn how to align these innovations with both organizational and personal goals. Through case studies, insights into the Technology Acceptance Model (TAM), and practical discussions, participants will gain the tools and strategies to foster acceptance, driving seamless integration of new technology into both individual tasks and team workflows.
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Field(s) of Study: Information Technology
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Learning Objectives
- Identify organizational needs for technology adoption using the Strategic Alignment Model (SAM) to ensure alignment between technological capabilities and business objectives.
- Recall employee-specific roadblocks to technology usage, drawing on the Technology Acceptance Model (TAM) to identify factors affecting internal user's acceptance and engagement.
- Recognize the key components of the Diffusion of Innovation theory, including adopter categories and influencing factors, and explain their relevance in understanding customer or client responses to technological innovations.
Level
UpdatePrerequisites
Some experience with accounting technology
Public Procurement Basics: Protecting the People's Money
Title : Public Procurement Basics: Protecting the People’s Money
Instructors : Alex Romero
Procurement is a critical component of successful government operations and while there are challenges in public procurement there are a number of guidelines that offer a pathway for success. This course will offer guidance on how governments can meet complicated procurement needs and develop practices that protect public funds.
Field(s) of Study: Finance
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Learning Objectives
- Recall the four pillars of public procurement
- Identify public procurement best practices
- Identify key requirements of the procurement standards in the Uniform Guidance
Level
BasicPrerequisites
None
Advanced Preparation
None