2023 Arizona Ethics Update
4.0 Credit HoursPrice: 4.0 Tokens
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 key the 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 recently issued and soon to be effective ethics rules that CPAs in both industry and public accounting need to know to be compliant. We'll close with a look at ethical dilemmas and technology.
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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
- Describe Kidder’s Nine Checkpoints for Ethical Decision Making
Level
BasicPrerequisites
None
Advanced Preparation
None -
Events
Accounting and Attestation for ESG
2.0 Credit HoursPrice: 2.0 Tokens
Environmental, Social and Governance (ESG) has become a hot topic among standard setters. This session will look at the work of the FASB, GASB, and AICPA in the areas of ESG. We’ll also look at the types of engagements CPAs can provide to entities who want assurance around their ESG reporting.
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Learning Objectives
- Identify types of engagements CPAs can perform on ESG related items
- Describe current projects of accounting standard setters
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
Independence for Auditors - AICPA, PCAOB, GAO, and DOL
4.0 Credit HoursPrice: 4.0 Tokens
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.
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Learning Objectives
Recognize the requirements for independence under AICPA, GAO, DOL and PCAOB
Level
UpdatePrerequisites
Prior experience with independence rules -
Events
2023 AICPA Regulatory Ethics Update
2.0 Credit HoursPrice: 2.0 Tokens
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 recently issued and soon to be effective ethics rules that CPAs in both industry and public accounting need to know to be compliant.
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Learning Objectives
- Recall the impact of interpretations issued by PEEC
- Identify changes to the independence standards
Level
UpdatePrerequisites
Prior experience with the AICPA Code of Professional Conduct
Advanced Preparation
None
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Events
2023 Oregon Ethics Update
4.0 Credit HoursPrice: 4.0 Tokens
The 2023 Oregon ethics course has been updated to include recent changes to the ethics rules issued by the AICPA last year. We’ll start out with a review of Oregon Administrative Rules & Oregon Revised Statutes and the Code of Professional Conduct. Then we will switch to the AICPA and address recent interpretations. The course includes a look at examples of ethics violations as well as case studies.
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Learning Objectives
- Recall OAR and ORS rules impacting CPAs
- Describe changes to the AICPA Code of Professional Conduct
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
Accounting and Auditing Update
4.0 Credit HoursPrice: 4.0 Tokens
The course will start off with a look at the Accounting Standard Updates (ASUs) issued by the FASB that will be effective in 2023. We'll also review late breaking changes to the lease standard that may impact common control entities. We'll then turn our attention from accounting to auditing where we will cover the key SASes effective this year including new standards around auditing accounting estimates an risk assessment. This course focuses on what you need to know this year to be ready for 2023 year end financial reporting and audits.
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Learning Objectives
- Recognize changes to financial reporting effective in 2023
- Recall the definition of a lease under Topic 842
- Identify changes to the requirements for audit evidence
Level
UpdatePrerequisites
Knowledge of and experience with financial statements and FASB standards
Advanced Preparation
None
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Events
Accounting and Auditing Update for Small Business
4.0 Credit HoursPrice: 4.0 Tokens
For many small businesses, the standards issued by the FASB may have little to no effect as they impact topics that do not reflect the type of transactions that these entities most frequently experience. This class will focus on the Accounting Standards Updates (ASUs) that are most likely to impact small businesses with a focus on ASUs initiated by the Private Company Council (PCC). We'll then look at alternative reporting options to GAAP including FRF for SMEs and IFRS for SMEs for entities who don't necessarily need to prepare GAAP financial statements but want to use accrual accounting. Finally, we will transition to audit standards that small business auditors will need to implement this year, including changes to auditing accounting estimates and risk assessment.
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Learning Objectives
- Recall ASUs impacting small businesses
- Identify the impact of SAS 143 on audit engagements
- Identify the changes to risk assessment as a result of SAS 145
- Identify reporting options for small entities other than GAAP
Level
UpdatePrerequisites
Knowledge of and experience with accounting and auditing standards as applied to small businesses
Advanced Preparation
None
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Events
Addressing Common Documentation Deficiencies
2.0 Credit HoursPrice: 2.0 Tokens
The Enhancing Audit Quality Initiative has identified inadequate or nonexistent audit documentation as one of the biggest issues facing the profession. Over half of the engagements reviewed by the AICPA did not meet the requirements of AU-C 230. This course will look at common misconceptions related to audit documentation and help attendees address these deficiencies with best practices.
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Learning Objectives
- Describe the minimum documentation requirements from AU-C 230
- Recall common work paper deficiencies identified by the AICPA
Level
IntermediatePrerequisites
Prior experience with GAAS
Advanced Preparation
None
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Events
Assessing Independence Under the New Yellow Book
1.0 Credit HoursPrice: 1.0 Tokens
Individuals who work in a governmental environment have many rules of ethics that must be followed. The Government Accountability Office (GAO) issues Yellow Book providing rules related to ethics and independence, which received a significant update in 2018. We'll review some of the key elements of ethics relevant to governmental entities and auditors to prevent independence noncompliance.
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Learning Objectives
- Recall safeguards that can be used to reduce threats to an acceptable level
- Identify threats to independence
Level
BasicPrerequisites
None
Advanced Preparation
None
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EventsMarch 26, 2024 @ 8:30 AM - ET Assessing Independence Under the New Yellow Book
April 1, 2024 @ 9:00 AM - ET Assessing Independence Under the New Yellow Book
April 16, 2024 @ 8:30 AM - ET Assessing Independence Under the New Yellow Book
April 30, 2024 @ 12:00 PM - ET Assessing Independence Under the New Yellow Book
Attestation Update: SSAE 19-22
1.0 Credit HoursPrice: 1.0 Tokens
The Auditing Standards Board has completed their update of the three engagement types in the SSAEs. We’ll review the changes to the examination, review and agreed upon procedures standard to provide you with a look at the changes to performance and reporting requirements.
Key Topics:
- Agreed Upon Procedures
- Examination Engagements
- Attestation Standards
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Learning Objectives
- Identify changes to the performance requirements for attestation standards
- Recall changes to reporting requirements
Level
UpdatePrerequisites
Prior experience with attestation standards
Advanced Preparation
None
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Events
Audit and Attestation Update - What's Going on at the AICPA?
4.0 Credit HoursPrice: 4.0 Tokens
The AICPA's Auditing Standards Board has issued numerous standards that are effective in 2023. We'll review the impact of the changes to auditing estimates, risk assessment, noncompliance with laws and regulations (NOCLAR), as well as the changes coming down the pike for quality management. This course will keep auditors up to date on the work of the ASB.
Promotional Snippet
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Learning Objectives
- Identify the impact of SAS 143 on audit engagements
- Identify the changes to risk assessment as a result of SAS 145
- Recall the core elements of quality management
- Recall the new inquiries required by SAS 147
- Recall the changes to group audits
Level
UpdatePrerequisites
Experience with and knowledge of GAAS
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Events
Benefits and Best Practices of Telework
2.0 Credit HoursPrice: 2.0 Tokens
Prior to the COVID-19 pandemic, telework was not often embraced as a form of employment. As the pandemic declines, organizations 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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Learning Objectives
- Distinguish between the four different personality styles of communication.
- Recall best practices in facilitating remote presentations.
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
Common Deficiencies in EBP Audits
2.0 Credit HoursPrice: 2.0 Tokens
Introducing: Melissa Critcher
During this presentation, the most common mistakes made by employee benefit plan auditors, as well as, plan sponsors will be identified. Best practices for handling specific issues that arise during the course of the engagement will also be explored. This discussion will help auditors recognize potential pitfalls in audit procedures/documentation and assist plan sponsors with compliance issues.
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Learning Objectives
- Identify and address common peer review issues
- Recognize and avoid mistakes made by plan sponsors
- Apply best practices to prevent audit mistakes
Level
IntermediatePrerequisites
Knowledge of and experience with Employee Benefit Plan audits
Advanced Preparation
None
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Events
Common Deficiencies in SSARS Engagements
4.0 Credit HoursPrice: 4.0 Tokens
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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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
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Events
Common Yellow Book and Single Audit Deficiencies
4.0 Credit HoursPrice: 4.0 Tokens
This course will review focus areas for peer review of Single Audits and Yellow Book engagements. We discuss the requirements for major program determination, testing compliance, testing internal controls over compliance, sampling, and reporting for Single Audits. We also address Yellow Book CPE and independence requirements. In addition to providing an overview of the common deficiencies and key trends identified by the AICPA, this course will also provide best practices for how entities can properly perform procedures in these areas.
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Learning Objectives
- "Recognize CPE requirements for Yellow Book engagements
- Perform a major program determination compliant with the Uniform Guidance
- Properly identify internal controls over compliance
- Identify compliance requirements in the Uniform Guidance
- Recognize the control risk and internal controls over compliance
- Identify the reporting requirements for Single Audits
- Properly perform sampling under the Uniform Guidance
- Recognize common audit deficiencies
- Recognize the independence requirements for Yellow Book
Level
IntermediatePrerequisites
Prior experience with GAGAS and Uniform Guidance
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EventsMarch 26, 2024 @ 12:00 PM - ET Common Yellow Book & Single Audit Deficiencies
April 2, 2024 @ 12:00 PM - ET Common Yellow Book & Single Audit Deficiencies
April 4, 2024 @ 8:30 AM - ET Common Yellow Book & Single Audit Deficiencies
April 23, 2024 @ 12:00 PM - ET Common Yellow Book & Single Audit Deficiencies
Consideration of Fraud
2.0 Credit HoursPrice: 2.0 Tokens
AU-C 240, Consideration of Fraud in a Financial Statement Audit, (formerly SAS 99) provides auditors with guidance on the consideration of fraud when a financial statement audit is conducted and is effective for audits of financial statements. This course will help auditors understand their responsibilities for detecting fraud as well as the audit procedures for responding to the fraud risk analysis.
Key Topics: Risk assessment; Audit procedures; Definition of fraud
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More Info
Learning Objectives
- Define fraud
- Describe audit procedures required to respond to fraud risk
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
Deep Dive into Common Auditing Deficiencies
4.0 Credit HoursPrice: 4.0 Tokens
This course will review common deficiencies identified by the AICPA and state boards of accountancy. It includes discussion on a variety of topics including auditing estimates, internal controls deficiencies, documentation deficiencies, and risk assessment. We will review the areas of concern, the profession’s response to these deficiencies including SASes 143 and 145, and how you can overcome them by employing best practices
Key Topics
Estimates
Documentation
Risk Assessment
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Learning Objectives
- Properly perform risk assessment and documentation
- Recall best practices for auditing estimates
- Recognize changes to auditing standards for estimates and risk assessment
Level
IntermediatePrerequisites
Prior experience with GAAS
Advanced Preparation
None
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Events
Deep Dive into Quality Management
2.0 Credit HoursPrice: 2.0 Tokens
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Learning Objectives
- Recall the components of quality management under SQMS 1
- Describe the objective of an engagement quality review under SQMS 2
- Identify the specific responsibilities of the auditor regarding quality management under SAS 146
- Recall the responsibilities of the engagement partner in SSARS engagements
Level
IntermediatePrerequisites
Experience with and knowledge of SQM Standards, SAS 146 and SSARS 26
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Events
Electronic Audit Evidence in Employee Benefit Plans
2.0 Credit HoursPrice: 2.0 Tokens
A significant amount of information is electronically initiated, recorded, processed, or reported, and information to be used as audit evidence may be available only in electronic form. During this session we will look at different types of information commonly presented to an auditor during the audit of an employee benefit plan, and identify considerations for auditors when evaluating information to be used as audit evidence.
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Learning Objectives
- Identify types of information obtained during employee benefit plan audits
- Recognize what constitutes audit evidence in accordance with SAS 142, Audit Evidence
- Determine if sufficient appropriate audit evidence has been obtained
- Identify ways in which auditors might document the type, source, form, and procedures performed to information used as audit evidence
Level
UpdatePrerequisites
Knowledge of and experience with employee benefit plans
Advanced Preparation
None
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Events
Financial Statement Fraud
2.0 Credit HoursPrice: 2.0 Tokens
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.
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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
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Events
Governmental Auditing Update: Yellow Book and Uniform Guidance
4.0 Credit HoursPrice: 4.0 Tokens
Yellow Book and Single Audit engagements are considered must select engagements for Peer Review. This course will cover the Yellow Book independence requirements which are required any time an auditor is performing a Yellow Book or Single Audit even when the engagement is for a for-profit entity.
We'll also review the new alternative engagements that have been created by various federal agencies to provide alternatives to Single Audits including SVOG, CSLFRF, and PRF engagements. We'll close with a look at the major changes in the 2023 Compliance Supplement and the COVID deficiencies identified by the federal agencies and peer reviewers.
Promotional Snippet
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Learning Objectives
- Identify changes to single audits as a result of the 2023 Compliance Supplement
- Describe alternative engagements to single audits subject to Yellow Book
- Recall common deficiencies found related to COVID-19 funding
- Recall the independence requirements in Yellow Book
Level
UpdatePrerequisites
Knowledge of and experience with government audits using Yellow Book
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Events
Governmental GAAP Update
2.0 Credit HoursPrice: 2.0 Tokens
This two hour course will cover the GASB standards that are effective this year with a deeper dive into GASB 94, Public Private Partnerships and GASB 96, Subscription Based IT Arrangements. We'll also look at smaller standards that are effective for 2023 year ends.
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More Info
Learning Objectives
- Recall the impact of GASB 94 on financial reporting for governments
- Describe the accounting for subscription based IT arrangements
- Recall the impact of standards effective in 2023
Level
UpdatePrerequisites
Experience with and knowledge of Governmental GAAP standards
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Events
Independence Requirements for Auditors
2.0 Credit HoursPrice: 2.0 Tokens
CPAs in public practice are required to maintain independence. In this course, we will discuss concepts associated with independence and review the rules from the AICPA Code of Professional Conduct with a focus on their practical application.
We will also review the recently issued ethics interpretations from the Professional Ethics Executive Committee (PEEC), which impact independence, and discuss practical methods of implementation.
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Learning Objectives
- Identify types of controls
- Recall information on control best practices
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
Internal Controls Best Practices
2.0 Credit HoursPrice: 2.0 Tokens
Internal control frameworks help organizations identify the right controls without recreating the wheel. This webinar is designed to provide an overview of the updated 2013 COSO Internal Control – Integrated Framework as well as the Standards for Internal Control in the Federal Government (AKA the "Green Book“). We will review a history of COSO and its evolution until today. The updated Framework formalizes 17 principles which must be present and functioning in order to demonstrate effective internal controls. We’ll discuss each of these principles and related points of focus in detail including practical waits to implement. We’ll then look at how GAO leveraged the update of COSO to update the Green Book. We’ll then take a closer look at enterprise risk management and provide an overview of how entities can perform an effective risk assessment and mitigate risks through a control self-assessment (CSA) process. We’ll review the steps for control self-assessments and how small to medium entities can leverage CSAs to improve their internal controls.
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Learning Objectives
- Identify types of controls.
- Recall the five components of internal control
- Identify steps in performing a control self-assessment
- Distinguish between ICFR and ICOC
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
Internal Control Frameworks for Single Audit
1.0 Credit HoursPrice: 1.0 Tokens
- 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.
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More Info
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
BasicPrerequisites
None
Advanced Preparation
None
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Events
Internal Controls Over Compliance vs Compliance
1.0 Credit HoursPrice: 1.0 Tokens
Based on an AICPA Enhancing Audit Quality study, 23% of all single audits subject to enhanced oversight were materially non-conforming with professional standards due to failure to properly test controls over compliance.
This course will provide an overview of internal controls over compliance specifically related to Single Audits. We will discuss how to apply the concept of internal controls to various compliance requirements. Additionally, a common finding in the audits of governmental entities receiving federal grants is the misidentification of controls and mistaking compliance for a control. That's why this course will also focus on identifying compliance versus controls over compliance.
Key Topics:
Internal controls over compliance
Compliance requirements
COSO
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Learning Objectives
- Properly document internal controls over compliance in conformity with the Uniform Guidance
- Compare ICFR with ICOC
Level
IntermediatePrerequisites
Prior experience with single audits
Advanced Preparation
None
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EventsMarch 20, 2024 @ 9:00 AM - ET Internal Controls Over Compliance vs Compliance
April 2, 2024 @ 9:00 AM - ET Internal Controls Over Compliance vs Compliance
April 16, 2024 @ 1:00 PM - ET Internal Controls Over Compliance vs Compliance
April 29, 2024 @ 10:00 AM - ET Internal Controls Over Compliance vs Compliance
Introduction to Governmental Accounting
2.0 Credit HoursPrice: 2.0 Tokens
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
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More Info
Learning Objectives
Describe the unique accounting principles and transactions applicable to governmental entities.
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
Introduction to Not for Profit Accounting
2.0 Credit HoursPrice: 2.0 Tokens
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
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Learning Objectives
- Recall the unique accounting principles and
transactions applicable to NFP organizations
Level
BasicPrerequisites
None
Advanced Preparation
None
- Recall the unique accounting principles and
transactions applicable to NFP organizations
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Events
Introduction to Single Audit
2.0 Credit HoursPrice: 2.0 Tokens
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
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More Info
Learning Objectives
- Describe the unique auditing requirements in the
Uniform Guidance
Level
BasicPrerequisites
None
Advanced Preparation
None
- Describe the unique auditing requirements in the
Uniform Guidance
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Events
Introduction to Yellow Book
2.0 Credit HoursPrice: 2.0 Tokens
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
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More Info
Learning Objectives
Describe the unique auditing requirements in the Yellow Book
Level
BasicPrerequisites
None
Advanced Preparation
None
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Events
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