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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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This update course focuses on the accounting and auditing changes that matter most to small businesses. We'll begin with an overview of the FASB's Accounting Standards Updates (ASUs) most likely to impact small business entities, followed by insights from the 2024 Private Company Council (PCC) Review and FASB's Invitation to Comment - Agenda Consultation, which will guide future standard-setting initiatives relevant to small businesses. Next, we'll explore alternative financial reporting frameworks that may offer practical solutions for small businesses seeking options beyond US GAAP. Finally, we'll shift to the auditing perspective, examining the new quality management standards that practitioners providing attest services including compilations for small business clients must implement. This session equips you with the insights and tools needed to navigate the evolving landscape of small business accounting and auditing with confidence.

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Field(s) of Study: Auditing , Accounting
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Stay ahead of the curve with this comprehensive ethics update, focusing on the latest developments from the AICPA's Professional Ethics Executive Committee (PEEC). The PEEC has been active recently, issuing new guidance and updating existing rules. In this session, we'll explore the most impactful changes, including updates on fees, recruiting, CPE, and NOCLAR (noncompliance with laws and regulations). CPAs in both industry and public accounting will gain the insights needed to stay compliant in an evolving regulatory environment. We'll also provide a peek at key projects PEEC is expected to finalize soon, ensuring you're prepared for what's next.

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Field(s) of Study: Regulatory Ethics
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Stay ahead of the curve with this VBOA-approved ethics course designed to meet Virginia's ethics requirements while keeping you informed on the latest developments at the AICPA. The Professional Ethics Executive Committee (PEEC) has been active recently, issuing new guidance and updating existing rules. In this session, we'll explore the most impactful changes, including updates on fees, recruiting, CPE, and NOCLAR (noncompliance with laws and regulations). CPAs in both industry and public accounting will gain the insights needed to stay compliant in an evolving regulatory environment. We'll also provide a sneak peek at key projects PEEC is expected to finalize soon, ensuring you're prepared for what's next.

This course is for CPAs Licenced in the Commonwealth of Virginia.  If you do not need Virginia specific ethics, please take our standard 2025 AICPA Regulatory Ethics Update.

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Field(s) of Study: Regulatory Ethics
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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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Stay ahead in the evolving landscape of employee benefit plan (EBP) audits with this essential 2025 update. This course covers key regulatory changes, including the SECURE 2.0 Act, newly effective accounting and auditing standards (SAS 145 and Quality Management Standards), and insights from the Department of Labor’s latest findings on audit quality. We’ll also dive into emerging hot topics shaping the EBP audit environment, equipping you with the knowledge to enhance compliance, mitigate risks, and deliver exceptional audit quality. Whether you’re a seasoned professional or new to EBP audits, this session will provide actionable insights to keep you confident and prepared.

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Field(s) of Study: Auditing
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Yellow Book & UNI Guidance  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 take a look at the major changes in the 2024 Compliance Supplement as well as the changes to the Uniform Guidance. We'll close with major deficiencies identified by the federal agencies and peer reviewers. Identify changes to single audits as a result of the 2024 Compliance Supplement Describe the changes to Chapter 5 of Yellow Book.

Field(s) of Study: Auditing
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    Learning Objectives

    • Recognize changes to the Uniform Guidance 
    • Recall common deficiencies found related to Single Audits 
    • Recall the independence requirements in Yellow Book Identify the proper method of identifying and testing internal controls over compliance

    Level

    Update

    Prerequisites

    Prior experience with GAGAS and the Uniform Guidance

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This course provides an in-depth exploration of the latest GASB standards, including compensated absences, certain asset disclosures, risk and uncertainty disclosures, and financial reporting model improvements. Gain valuable insights into the background and intent behind each standard, understand their potential impact, and learn how to effectively plan for implementation. Whether you're responsible for preparing or auditing governmental financial statements, this session will equip you with the knowledge and tools needed to navigate these changes with confidence and ensure compliance in 2025 and beyond.

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Field(s) of Study: Accounting Governmental
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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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Stay informed on the latest developments affecting not-for-profit (NFP) organizations with this 2025 GAAP update. While the FASB hasn’t issued recent NFP-specific standards, several Accounting Standard Updates (ASUs) will significantly impact nonprofits. This session will explore these ASUs and their implications for your organization. We’ll also dive into the evolution of programmatic investments and their interaction with the Current Expected Credit Losses (CECL) standard, followed by an introduction to IFR4NPO, a global initiative aimed at creating universal financial reporting standards for nonprofits. Gain the knowledge you need to navigate these changes with confidence and ensure compliance in the evolving NFP landscape.

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Field(s) of Study: Accounting Governmental
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Although Oregon no longer mandates an Oregon-specific ethics course for annual CPA license renewal, understanding the rules CPAs must follow remains essential. This course provides a comprehensive review of the Oregon Administrative Rules (OAR) and Oregon Revised Statutes (ORS) that directly affect Oregon CPAs. Additionally, we’ll explore recent updates to the AICPA Code of Professional Conduct, ensuring you stay informed about the latest developments in ethics and independence standards. Equip yourself with the knowledge to navigate these critical rules and maintain the highest professional standards. 

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Field(s) of Study: Regulatory Ethics
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Oregon may no longer require a specific ethics course for annual CPA license renewal, but understanding the rules governing the profession is still essential. This course provides a thorough review of the Oregon Administrative Rules (OAR) and Oregon Revised Statutes (ORS) that directly impact Oregon CPAs, equipping you with the knowledge to stay compliant and uphold professional standards. 

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Field(s) of Study: Regulatory Ethics
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This course will start with a review of the impact of the 2024 Compliance Supplement on Single Audits as well as the changes to the Uniform Guidance. We will also review common audit deficiencies found in Single Audits.

Field(s) of Study: Auditing Governmental
  • More Info

    Learning Objectives

    • Identify changes to single audits as a result of the 2024 Compliance Supplement
    • Recognize changes to the Uniform Guidance
    • Identify the proper method of identifying and testing internal controls over compliance
    • Recall common deficiencies found related to Single Audits

    Level

    Update

    Prerequisites

    Prior experience with the Uniform Guidance

    Advanced Preparation

    None

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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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Sampling is often identified as a common audit deficiency in peer review. This course will review when is sampling applicable and basics of planning a sample. We'll then focus on the application of sampling in financial statement audits with a look at sampling for substantive procedures. We'll look at the use of monetary unit sampling and tools that can be leveraged to reduce bias in sampling.

Field(s) of Study: Auditing
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Building on Part 1, this course will review the application of sampling in financial statement audits with a focus on sampling for tests of controls. We'll also review the requirements for sampling in Single Audits with a focus on tests of controls and tests of compliance. 

Field(s) of Study: Auditing
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Bitcoin and crypto have been in the news recently for a variety of reasons. This course will cover the basics of accounting and auditing for cryptocurrency including recent standard setting by the FASB as well as a look at the AICPA's Accounting for and Auditing of Digital Assets practice aid.

Field(s) of Study: Auditing
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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.

Field(s) of Study: Auditing , Accounting
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The Enhancing Audit Quality Initiative has identified inadequate or nonexistent audit documentation as one of the most significant issues facing the profession today. Over half of the engagements reviewed by the AICPA failed to meet the requirements of AU-C 230, highlighting a critical need for improvement.

This course addresses common misconceptions about audit documentation and provides actionable strategies to overcome these deficiencies. Attendees will learn best practices to ensure compliance with professional standards, enhance audit quality, and mitigate risks associated with poor documentation. Whether you are an experienced professional or new to auditing, this course will help you strengthen your documentation practices and uphold the highest standards of the profession.

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Field(s) of Study: Auditing
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Fraud is constantly in the news. Whether its employee retention credit mills, FTX, the City of Dixon, it appears like fraud is everywhere. We'll start this session with a review of the common fraud schemes as identified in the 2024 Report to the Nations. We'll also review the commonalities of fraudsters. We'll then look at methods of prevention. We'll close with a look at the auditor's responsibility for the consideration of fraud in AU-C 240.

Field(s) of Study: Auditing
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Maintaining independence and adhering to strict ethical standards are essential for professionals in governmental auditing. The Government Accountability Office’s (GAO) Yellow Book sets the benchmark for ethics and independence in this field, forming the foundation of professional compliance. This course provides a focused review of key principles and independence requirements, equipping participants with the tools to identify and mitigate common risks of noncompliance. Through practical guidance and real-world examples, attendees will learn to uphold the highest ethical standards and ensure independence in governmental auditing.

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Field(s) of Study: Regulatory Ethics
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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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AU-C Section 230 requires that auditors maintain sufficient audit documentation throughout the engagement. Audit documentation is essential, as it serves as the evidence that auditors performed appropriate procedures to support their opinion on the financial statements. This course will cover the basis and best practices of audit workpapers and proper audit documentation, as well as the common deficiencies in audit documentation. 

Field(s) of Study: Auditing
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This course will serve as an introduction to conducting effective walkthroughs to gain an understanding of the client's transaction processes as well as identifying internal controls within each process. This course will review the procedures, questions to ask, and documentation requirements of walkthroughs. It will also include real-world examples of the red flags that may arise while executing a walkthrough.

Field(s) of Study: Auditing
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Obligating Coronavirus State and Local Fiscal Recovery Funds (SLFRF) by December 31, 2024 is essential to ensure a recipient does not have to return funds to the Treasury. There are a number of requirements to properly obligate SLFRF funds and opportunities to make changes to projects after the obligation deadline. In this course, we will define what an obligation is under SLFRF, review guidance from the Treasury, learn how to meet the SLFRF obligation deadline in multiple areas, and identify when changes can be made to estimates, contracts, and subawards after the obligation deadline.


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Field(s) of Study: Finance
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This course explores the transformative role of artificial intelligence (AI) in accounting and auditing, highlighting its vast potential while addressing the associated risks and ethical considerations. Participants will discover how to harness AI tools to enhance efficiency and innovation, while mitigating challenges such as overreliance, data security vulnerabilities, and ethical dilemmas. Through case studies and interactive discussions, you'll gain practical skills to navigate AI complexities, ensure trustworthy outputs, and uphold ethical standards in today's fast-paced digital environment.

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Field(s) of Study: Information Technology
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Discover critical insights from the latest Department of Labor studies on employee benefit plan audits and tackle the pressing issue of audit deficiencies head-on. This course dives deep into the most common errors undermining audit quality and explores the underlying causes of these issues.


Through practical strategies, engaging case studies, and regulatory guidance, participants will learn how to close gaps in compliance, enhance audit execution, and protect plan participants and beneficiaries. Whether you're an experienced auditor or new to benefit plan audits, this course will equip you with the tools needed to elevate audit quality and ensure regulatory compliance.

Field(s) of Study: Auditing
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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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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. 

Field(s) of Study: Auditing Governmental
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This course provides an in-depth exploration of AU-C 240, Consideration of Fraud in a Financial Statements Audit. Participants will gain practical insights into identifying, assessing, and responding to fraud risks within the context of financial statement audits. Through engaging lectures, real-world examples, and case studies, the course examines the nature and characteristics of fraud, including fraudulent financial reporting and misappropriation of assets. It also delves into the auditor's responsibilities under AU-C 240 for planning and performing audits with fraud considerations, techniques for identifying fraud risk factors and assessing risks of material misstatement, and methods for designing and implementing effective audit procedures. Additionally, participants will explore best practices for communicating and documenting findings related to potential or identified fraud. Ideal for auditors at all experience levels, this course equips attendees with the knowledge and tools necessary to navigate fraud-related complexities and maintain audit integrity.

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Field(s) of Study: Auditing
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