2025 Arizona Ethics
Title : 2025 Arizona Ethics
Instructors : Melisa Galasso
This course is designed to meet the four-hour ethics CPE requirements mandated by the state law in which the course is offered. We'll start the session with a review of key areas of the Arizona Administrative Rules for CPE and Professional Conduct. Then we'll review the key Arizona Revised Statutes relating to licensing and registration. We'll then transition to the AICPA ethics standards as the Professional Ethics Executive Committee (PEEC) of the AICPA has been very busy issuing new and updating existing ethics rules. This course will provide an overview of ethics rules that are recently issued and soon to be effective. CPAs in both industry and public accounting need to know these to be compliant.
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Field(s) of Study: Regulatory Ethics
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Learning Objectives
- Recall the impact of interpretations issued by PEEC
- Identify changes to the independence standards
- Recall state laws, regulations and rules regarding the practice of public accounting
Level
UpdatePrerequisites
Prior experience with the Code of Professional Conduct
Advanced Preparation
None
NY State & GAGAS Ethics Update
Title : NY State & GAGAS Ethics Update
Instructors : Jacyln Veno, Alex Romero
This course is designed to equip CPAs in New York, working in a governmental environment, with a comprehensive understanding of the laws, regulations, and ethical standards that govern their profession. We begin with an in-depth review of New York State Education Law, Article 149, along with the Rules of the Board of Regents and Regulations of the Commissioner of Education, ensuring CPAs are up-to-date on state-specific requirements. The course then transitions to an exploration of ethics concepts in the 2018 Yellow Book, covering critical areas such as public interest, integrity, objectivity, and professional behavior.
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Field(s) of Study: Regulatory Ethics
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Learning Objectives
- Recall the NYS Ethics requirements applicable to CPAs and PAs
- Recognize the ethical principles in GAGAS
Level
BasicPrerequisites
Prior experience with the GAGAS and NY State RulesAdvanced Preparation
Power Skills: Your Guide to Professionalism and Client Interactions
Title : Power Skills: Your Guide to Professionalism and Client Interaction
Instructors : Jacyln Veno
Client interactions and professionalism are at the core of what we do as accountants. However, communication with clients is not always as straightforward as it may seem. Sometimes there will be difficult conversations and disagreements that can be tough to navigate. During this course, we will discuss best practices when communicating with the client, and also walk through complicated scenarios to practice what we learn.
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Field(s) of Study: Auditing
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Learning Objectives
- Recall best practices in professionalism during oral and written communication with clients
Level
BasicPrerequisites
None
Advanced Preparation
One year of auditing experience
Introduction to Not-for-Profit Accounting
Title : Introduction to Not-for-Profit Accounting
Instructors : Melisa Galasso
Not-for-profit organizations encounter distinct accounting complexities. This course provides an introduction to the financial statements and specialized accounting principles relevant to nonprofits. Attendees will explore key topics such as net assets, agency transactions, contributions, and endowments, focusing on the unique transactions and account balances that define not-for-profit accounting.
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Field(s) of Study: Auditing Governmental
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Learning Objectives
- Recall the unique accounting principles and transactions applicable to NFP organizations
- Identify the basic financial statements of nonprofit organizations
- Recall the accounting for contributions
- Identify net asset classifications for nonprofit organizations
- Identify agency transactions
Level
BasicPrerequisites
None
Advanced Preparation
None
2025 Accounting and Auditing Update
Title : 2025 Accounting and Auditing Update
Instructors : Melisa Galasso
Stay informed and prepared with this comprehensive annual update on the latest developments in accounting and auditing. We'll begin with a deep dive into the Accounting Standards Updates (ASUs) effective in 2025, followed by insights from the FAF's 2024 PCC Review and an overview of FASB's Invitation to Comment - Agenda Consultation, which will shape the future of accounting standards. On the auditing side, we'll tackle the essential changes in quality management standards that firms must implement by the end of 2025. The session will also highlight common deficiencies identified by the DOL in EBP (Employee Benefit Plan) engagements and provide a peek at upcoming projects from the Auditing Standards Board (ASB). Join us to gain practical insights and actionable takeaways to navigate these updates with confidence.
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Field(s) of Study: Auditing , Accounting
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Learning Objectives
- Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting
- Recall the changes made to PCC processes as a result of the 2024 PCC Review
- Identify potential topics identified by advisory groups in the FASB's ITC agenda consultation
- Identify the components of quality management
- Recall deficiencies identified by the DOL for EBP audits
- Recall key projects of the Auditing Standards Board
Level
UpdatePrerequisites
Prior experience with GAAP and GAAS
Advanced Preparation
None
2025 Not-for-Profit Accounting and Auditing Update
Title : 2025 Not-for-Profit Accounting and Auditing Update
Instructors : Melisa Galasso
This course provides a comprehensive update on the key developments impacting not-for-profit (NFP) accounting and auditing in 2025. While the FASB hasn’t recently issued NFP-specific standards, several Accounting Standard Updates (ASUs) will significantly affect nonprofit organizations. We’ll review these changes and their implications. We also explore the growing relevance of programmatic investments and their interplay with the Current Expected Credit Losses (CECL) standard, and examine the IFR4NPO initiative, a global project aimed at establishing universal financial reporting standards for nonprofits. On the auditing side, we’ll delve into the impact of the new quality management standards, impacting firms that provide attestation services, including compilations and reviews for nonprofits. This session will equip you with the insights needed to navigate these changes and stay compliant.
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Field(s) of Study: Auditing Governmental
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Learning Objectives
- Identify elements of the proposed IFR4NPO standards
- Recall the impact of recent standard setting on programmatic investment
- Recognize the impact of recent ASUs on nonprofit financial reporting
- Recall the components of quality management in the 2024 Yellow Book
Level
UpdatePrerequisites
Prior experience with nonprofit accounting and auditing
Advanced Preparation
None
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
Internal Control Frameworks for Single Audit
Title : Internal Control Frameworks for Single Audit
Instructors : Melisa Galasso
The Uniform Guidance identifies COSO and the Green Book as best practices for internal controls in governmental audits. This course provides a comprehensive review of the COSO framework, including its 2013 update, and explores its application to the Green Book. Attendees will learn to recall the five components and 17 principles of internal control, understand the benefits of adopting internal control frameworks, and recognize the rationale behind the COSO 2013 update and its impact on auditing practices. Additionally, the course will cover how to leverage Part 6 of the Compliance Supplement to effectively document internal controls.
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Field(s) of Study: Accounting Governmental
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Learning Objectives
- Recall the five components and 17 principles of internal controls
- Identify the benefits of internal control frameworks
- Recognize the reasons for the COSO 2013 Update
Level
BasicPrerequisites
None
Advanced Preparation
None
2025 Yellow Book Update
Title : 2025 Yellow Book Update
Instructors : Melisa Galasso
The Government Accountability Office (GAO) has released the 2024 Generally Accepted Government Auditing Standards (GAGAS). This course will examine the major changes, including the shift from quality control to quality management and the introduction of key audit matters. The 2018 Yellow Book remains effective until the implementation of the 2024 edition, which applies to: financial audits, attestation engagements, and reviews of financial statements for periods beginning on or after December 15, 2025, as well as Performance audits beginning on or after December 15, 2025. Organizations must design and implement a system of quality management by December 15, 2025, and complete an evaluation of the system by December 15, 2026. Early adoption of the 2024 Yellow Book is allowed. Gain the insights you need to navigate these critical updates effectively.
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Field(s) of Study: Auditing Governmental
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Learning Objectives
- Recall the components of quality management in the 2024 Yellow Book
Level
UpdatePrerequisites
Prior experience with Yellow Book engagements
Advanced Preparation
None
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Effective Governance for Nonprofit Success
Title : Effective Governance for Nonprofit Success
Instructors : Alex Romero
Effective governance is the cornerstone of any nonprofit organization. This course delves into the foundational elements of nonprofit governance, emphasizing fiduciary duties, board responsibilities, and best practices for board operations. Participants will explore key compliance requirements, risk management strategies, policy development, and regulatory obligations. By the end of the session, you’ll be equipped with practical tools and insights to confidently navigate the complexities of nonprofit governance.
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Field(s) of Study: Specialized Knowledge
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Learning Objectives
- Recall the fiduciary duties of nonprofit board members and executive leadership
- Identify the best practices for board operations
- Recall the regulatory and compliance requirements for a nonprofit organization
Level
BasicPrerequisites
None
Advanced Preparation
None