Courses Currently Available On Demand

Proper risk assessment is essential to designing an appropriate risk response during engagements. This course provides a foundational understanding of risk assessment procedures, equipping participants with the knowledge needed to enhance audit efficiency and effectiveness. Attendees will explore the requirements of AU-C Section 315, which mandates that auditors gain an understanding of the entity and its environment. We will break down the audit risk model, ensuring a clear understanding of its individual components and how this formula drives decision-making throughout the engagement. Through practical guidance, we will outline the steps of performing risk assessment, from executing risk assessment procedures to responding to identified risks. Additionally, we will emphasize the importance of walkthroughs on internal controls and their role in assessing risk. Upon completion, learners will be able to: 1. Perform risk assessment procedures during an engagement. 2. Recall parts of the audit risk model

This updated course offers an in-depth look at the FASB leases standard (ASC 842), which requires organizations to recognize lease assets and liabilities on the balance sheet. This comprehensive course will cover recognition, measurement, presentation, and disclosure requirements, while also focusing on a critical area of change which is the proper identification of a lease using a principles-based approach. We will discuss implementation requirements from both the lessee and lessor accounting models. In addition, we explore a variety of scenarios, including short-term leases, purchase options, variable lease payments, and remeasurement. This course offers practical journal entry examples and lessons learned from implementation, while exploring recently issued amendments to the lease accounting guidance. Upon completing this course, learners will be able to:

• Recall the definition of a lease under ASC 842
• Apply recognition and measurement requirements of ASC 842
• Recognize the presentation and disclosure requirements of the new leases standard
• Prepare journal entries necessary to account for leases as both a lessee and lessor

This session introduces a structured approach to government budgeting using the four W’s: Who, What, When, and Which. Participants will explore WHO should be involved in the budgeting process, including internal teams and external stakeholders, while learning effective communication strategies to foster collaboration. The session examines WHAT the budgeting process entails, covering essential phases, components, legal requirements, and common challenges. Attendees will also learn WHEN to engage the public through strategic planning, workshops, and outreach initiatives. Finally, the session highlights WHICH departments play key roles, from financial planning to managing capital projects. By the end of this session, participants will have a comprehensive understanding of government budgeting and how to align financial planning with community priorities. Upon completing this course, learners will be able to:

• Identify who should be involved in the budget process
• Recall the key components and legal requirements for the budget process
• Identify when public engagement should occur in the budget process and how to engage the public
• Recognize who on the internal team is responsible for different components of the budget process

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. Upon completing this course, learners will be able to:

• Recall changes to risk assessment requirements
• Identify the impact of SAS 145 on audit methodology

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. Upon completing this course, a learner will be able to:

• 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

This course equips participants with the tools and strategies needed to create sustainable, long-term budgets that align with policy goals and ensure fiscal responsibility. Participants will explore key budgeting frameworks, learn techniques for forecasting revenue and expenditures, and analyze scenarios to mitigate financial risks. The course incorporates practical exercises and case studies to provide hands-on experience with scenario planning, enhancing budget transparency and resilience. By the end of the session, attendees will have the knowledge and confidence to design and implement budgets that support long-term governmental priorities and strengthen financial stability. Upon completing this course, learners will be able to:

• Recall budgeting frameworks and tools to improve long-term budgeting
• Recognize how to create multi-year budgets that ensure fiscal responsibility and align with long-range policy goals
• Identify ways to forecast revenue, plan expenditures, and analyze scenarios to manage financial risks and uncertainties

Understanding how to effectively audit prepaid expenses is a key skill for audit staff. This course provides a comprehensive overview of the fundamentals, including the applicable audit assertions and common risks and threats associated with the prepaid expense balance. Participants will learn how to perform substantive auditing procedures to ensure accuracy and reliability, with guidance on applying these techniques to real-world scenarios. Designed to enhance practical knowledge, this session equips auditors with the tools and confidence needed to navigate prepaid expense audits with proficiency. Upon completing this course, learners will be able to:

• Recall the audit assertions applicable to the prepaid expense balance
• Recognize risks & threats related to the prepaid expense balance
• Identify substantive auditing procedures that are used to obtain comfort over prepaid expenses

SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, was issued in October 2021. This audit standard amends AU-C 315, making many changes to address common audit deficiencies. This course will provide an overview of SAS 145 and its changes to AU-C 315. Upon completing this course, learners will be able to:

• Identify changes to AU-C 315
• Recognize key components of the new risk assessment standard

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. Upon completing this course, learners will be able to:

• Recall best practices in professionalism during oral and written communication with clients

This course is an introduction to preparation, compilation, & review engagements. During this course, we will compare and contrast these different engagements by reviewing the procedures that should be performed, different reports, as well as the level of assurance specific to each type of engagement. Upon completing this course, learners will be able to:

• Recognize the difference between preparation, compilation, & review engagements
• Identify the specific procedures related to preparation, compilation, & review engagements

Procurement is a critical component of successful government operations. While there are challenges in public procurement, there are a number of guidelines and requirements that will help lead you to success. This course will offer guidance on how governments can meet complicated procurement needs and develop best practices that protect public and Federal funds. Upon completing this course, learners will be able to:

• Identify the four pillars of public procurement
• Recall best practices in procurement
• Recall the Procurement Standards in the Uniform Guidance
• Identify the 2024 changes to the procurement standards

Whether your organization is developing a new control framework or seeking to strengthen its current controls, practical development and implementation is critical. This course will review the intersectionality of controls and provide real-world examples and best practices from people to technology and process. Upon completing this course, learners will be able to:

• Identify types of controls
• Recall information on control best practices

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. Upon completing this course, learners will be able to:

• Identify types of controls
• Recall information on control best practices

AU-C Section 315 requires the auditor to gain an understanding of the entity and its environment and the entity's internal controls in order to design appropriate audit procedures. This course will review the key requirements of COSO which is one of the most widely used internal control frameworks. We'll also review the limitations of internal controls. Additionally, this course will introduce the risk assessment process and the various audit procedures to evaluate controls and to determine whether to test the operating effectiveness of controls. Upon completing this course, learners will be able to:

• Recognize the five components of COSO
• Recall the limitations of internal controls

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. Upon completing this course, learners will be able to:

• Recognize noncompliance with ethical standards during engagements
• Recall the five fundamental principles of ethics for professional accountants

The introduction to governmental budgeting course is an overview of the typical timeline and process a government uses when creating their annual budget. Topics covered include, the basics of governmental budgeting, establishing priorities for the budget, the common steps and timeline of the budget process, what, when and how we should be monitoring the budget throughout the year, and how long-term budgets fit in with the annual budget process. Upon completing this course, learners will be able to:

• Recall the basics of governmental budgeting and the development of the budget priorities
• Recognize the steps involved in creating the annual government budget
• Identify what, when, and how to monitor the budget throughout the year
• Recognize the importance of long-term budgeting for a government and communicating the budget message

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. Upon completing this course, learners will be able to:

• Identify trends in financial statement fraud
• Recall examples of financial statement fraud schemes

Cash is essential to every business, and is often one of the first accounts audit staff are exposed to. This course will cover the basics of auditing cash, including the related audit assertions, risks, & threats to the cash balance. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through some real-world examples. Upon completing this course, learners will be able to:

• Recall the audit assertions applicable to the cash balance
• Recognize the risks & threats related to the cash balance
• Identify substantive auditing procedures that are used to obtain comfort over cash

It is imperative that audit staff understand the fundamentals of expenses & payables. This course will cover the basics of auditing expenses, accrued liabilities, and other payables, including the related audit assertions, risks, & threats to the expenses & payables balances. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through some real-world examples. Upon completing this course, learners will be able to:

• Recall the audit assertions applicable to the expenses & payables balances
• Recognize risks & threats to the expenses & payables balances
• Identify substantive auditing procedures that are used to obtain comfort over expenses & payables

Inventory observations are often a right of passage for audit staff. This course will cover the basics of auditing inventory, including the related audit assertions, risks, & threats to inventory. During this course, we will also highlight the various substantive auditing procedures that staff should perform, and also walk through how to conduct a physical inventory observation. Upon completing this course, learners will be able to:

• Recall the audit assertions applicable to inventory
• Recognize risks & threats related to the inventory balance
• Identify substantive auditing procedures that are used to obtain comfort over inventory

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. Upon completing this course, learners will be able to:

• Distinguish between the four different personality styles of communication.
• Recall best practices in facilitating remote presentations.

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. Upon completing this course, learners will be able to:

• Recall the purpose of a walkthrough
• Perform proper procedures while conducting a walkthrough
• Identify red flags that may arise while performing walkthrough procedures

Yellow Book and Single Audit engagements are considered must-select engagements for peer review. This course will review the common deficiencies noted by peer reviewers and federal agencies. We'll focus on the requirements of Yellow Book independence, CPE, and reporting. We will also review deficiencies related to internal controls over compliance, compliance testing, and major program determination for Single Audits. We'll close the course with a look at the deficiencies often identified in COVID-related funds. Upon completing this course, learners will be able to:

• Identify common deficiencies in Yellow Book Engagements
• Recall the independence requirements in Yellow Book
• Identify common single audit deficiencies
• Recall common deficiencies found related to COVID-19 funding

This course will review common deficiencies identified by the AICPA and state boards of accountancy. It features discussion on a variety of topics, including analytical procedures, sampling, group audits, and risk assessment. We will review the areas of concern and how you can overcome them by employing best practices. Upon completing this course, learners will be able to:

• Identify common audit deficiencies
• Identify proper methods of performing risk assessment and analytical procedures
• Recall best practices for audit sampling and group audits
• Recognize changes to auditing standards for group audits and risk assessment

Quality management will have a big impact on CPA firms. This course will cover both SQMS 1 and 2 as well as the related engagement level standards (SAS 146 and SSARS 26). The new standards will require a risk-based approach to quality management as well as the documentation of an information & communication process. SQMS 1 is required to be implemented at all accounting firms by December 15, 2025 but due to the size of the effort, firms should start their implementation process ASAP. SQMS 2 covers the appointment and eligibility of the engagement quality reviewer and the performance of the reviews. SAS 146 addresses the specific responsibilities of the auditor regarding quality management at the engagement level for an audit of financial statements and the related responsibilities of the engagement partner. SSARS 26 amends AR-C Sections to be consistent with these new standards. This two-hour class will provide a deep dive into what you need to know to start your implementation process! Upon completing this course, learners will be able to:

• Recall the components of quality management under SQMS 1
• Recognize 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

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. Upon completing this course, learners will be able to:

• Identify the proper application of AU-C 530 for internal controls
• Recall the requirements for sampling for Single Audits

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. Upon completing this course, learners will be able to:

• Identify types of engagements CPAs can perform on ESG-related items
• Describe current projects of accounting standard setters

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. Upon completing this course, learners will be able to:

• Recall the impact of recent standard setting by the FASB on digital assets-
• Describe audit considerations for cryptocurrencies

Sampling is often identified as a common audit deficiency in peer review. This course will review when is sampling applicable and the 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. Upon completing this course, learners will be able to:

• Identify when a procedure requires sampling
• Recall key elements of a sampling plan
• Recognize proper application of AU-C 530 for tests of details
• Perform MUS sampling

Fraud is constantly in the news. Whether it's employee retention credit mills, FTX, or the City of Dixon, it appears that 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. Upon completing this course, learners will be able to:

• Recall common fraud schemes
• Identify preventative measures to deter fraud
• Recognize recent frauds in the news
• Recall the data from the 2024 Report to the Nation
• Identify the responsibility of the auditor with respect to fraud

The Yellow Book outlines essential ethical principles for governmental auditors, including serving the public interest, maintaining integrity, objectivity, and professional behavior. This course provides a focused review of these key concepts and their practical application in governmental auditing. Participants will also explore the independence standards, gaining insights on maintaining objectivity and avoiding conflicts of interest to ensure unbiased and professional audits. Upon completion of this course, a learner will be able to:

• Identify independence rules in Yellow Book
• Recognize the ethical principles in GAGAS

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. Upon completion of this course, a learner will be able to:

• Recognize the most common errors in employee benefit plan audits as highlighted by recent Department of Labor studies and their implications for audit quality.
• Identify root causes of common deficiencies, consequences, and practical solutions for improvement.
• Identify actionable strategies for improving audit execution, including better planning, documentation, and testing.
• Recognize how peer review processes, specialized training, and regulatory tools can mitigate deficiencies and elevate overall audit quality.

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. Upon completion of this course, a learner will be able to:

• Recall the five components and 17 principles of internal controls
• Identify the benefits of internal control frameworks
• Internal Control Frameworks for Single Audit
• Recognize the reasons for the COSO 2013 Update

Accurately identifying and testing controls over compliance is critical, yet it remains a common deficiency highlighted in peer reviews. This course offers a comprehensive overview of internal controls over compliance, with a focus on their application to Single Audits. Participants will learn how to effectively align internal controls with specific compliance requirements. Additionally, we will address one of the most frequent findings in audits of governmental entities receiving federal grants: the misidentification of controls and the confusion between compliance and control processes. This course will help clarify the distinction, equipping you with the tools to enhance audit quality and ensure compliance effectiveness. Upon completion of this course, a learner will be able to:

• Identify internal controls over compliance for a given compliance requirement
• Recognize compliance requirements per the Compliance Supplement
• Identify an audit procedure to test the operating effectiveness of a given control

Governmental accounting is distinct from other forms of accounting, requiring a unique approach to financial reporting. This course introduces the fundamentals of governmental accounting, including fund accounting principles and the modified accrual basis of accounting. Participants will explore the structure and purpose of fund financial statements alongside government-wide financial statements, gaining a comprehensive understanding of their layouts and key elements. The course also delves into critical topics such as the concept of component units, the role and structure of Management Discussion & Analysis (MD&A), and the preparation and importance of the Annual Comprehensive Financial Report (ACFR). Perfect for those new to governmental accounting, this course provides a solid foundation for understanding and applying these essential principles. Upon completion of this course, a learner will be able to:

• Recall the requirements of governmental financial reporting
• Recognize organizations that follow governmental financial reporting standards
• Identify elements of governmental financial statements
• Identify the appropriate fund classification
• Identify the requirements to be a component unit
• Recognize the components of net position for different fund types

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. Upon completion of this course, a learner will be able to:

• 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

Single Audits are a critical area of focus under the AICPA's Enhancing Audit Quality Initiative, requiring a thorough understanding of the Uniform Guidance's unique audit requirements for federal funds. This course examines the distinctive performance and reporting standards in Single Audits, equipping participants with foundational knowledge to navigate these complex audits effectively. Key topics include an overview of internal controls over compliance, understanding compliance requirements, using the Compliance Supplement, and identifying the elements of a finding in a Single Audit. This course is ideal for professionals seeking a clear and practical introduction to the essentials of Single Audits. Upon completion of this course, a learner will be able to:

• Recall the unique auditing requirements in the Uniform Guidance
• Identify the requirements of major program determination
• Recognize when a single audit is required
• Identify the elements of a finding in a Single Audit
• Recall the reporting requirements for a Single Audit
• Identify internal controls over compliance
• Identify the compliance requirements in the Compliance Supplement

Performing engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book," involves additional reporting, ethics, and performance requirements that go beyond those outlined in AICPA Generally Accepted Auditing Standards (GAAS). This course provides an overview of the guidance found in the Yellow Book and explores its relationship with the AICPA Code of Professional Conduct. Participants will gain an understanding of the unique CPE requirements for GAGAS engagements and review the Yellow Book standards for financial statement audits, with a focus on ethical principles and independence. This course is designed to equip professionals with the foundational knowledge needed to navigate the complexities of Yellow Book engagements effectively. Upon completion of this course, a learner will be able to:

• Recognize the unique auditing requirements in the Yellow Book
• Recognize the independence requirements for Yellow Book engagements
• Identify the CPE requirements for Yellow Book engagements
• Recall the reporting requirements of Yellow Book

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. Upon completion of this course, a learner will be able to:

• Identify the minimum documentation requirements from AU-C 230
• Recall common work paper deficiencies identified by the AICPA

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. Upon completion of this course, a learner will be able to:

• Identify threats to independence
• Recall safeguards that can be used to reduce threats to an acceptable level

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. Upon completion of this course, a learner will be able to:

• Identify the components of the fraud triangle and their role in financial fraud.
• Recall AU-C 240 requirements for addressing fraud risks in audits.
• Recognize red flags and patterns of fraud.
• Recall audit techniques to address identified fraud risks effectively.
• Recognize best practices for documenting, communicating, and escalating fraud findings.

As a VBOA-approved ethics course, this training begins with the 2025 VBOA Ethics Updates. From there, we will delve into the ethical principles outlined in the Yellow Book, including serving the public interest, maintaining integrity, objectivity, and professional behavior. Practical applications of these ethical principles will be discussed, including strategies for adhering to independence standards, maintaining objectivity, and avoiding conflicts of interest. Gain valuable insights to support unbiased, professional audits while reinforcing your commitment to ethical practices in governmental auditing. Upon completion of this course, a learner will be able to:

• Identify independence rules in Yellow Book
• Recognize the ethical principles in GAGAS

Understanding independence is essential for CPAs providing Client Advisory and Accounting Services (CAAS) to attest clients. This course provides a comprehensive overview of the AICPA Code of Professional Conduct, focusing on the guidelines for maintaining independence while delivering CAAS. We’ll review the overall independence process and its application to CAAS engagements, followed by an in-depth exploration of specific services, including reconciliations, accounting standard implementation, information system services, bookkeeping, hosting, and payroll services. Attendees will gain clarity on what services are permissible and how to navigate potential independence issues to remain compliant and uphold professional standards. Upon completing this course, a learner will be able to:

• Identify CAAS services that can impair independence
• Recognize threats and safeguards to independence due to CAAS engagements

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. Upon completing this course, a learner will be able to:

• 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

This course provides a comprehensive overview of key changes affecting governmental financial reporting and Single Audit engagements. We'll begin by examining the impact of GASB Statements 101-104 on financial reporting, followed by a detailed review of updates to the 2024 Uniform Guidance and the 2025 Compliance Supplement. Finally, we’ll explore emerging developments and other critical factors shaping Single Audits. Stay ahead of the curve with insights to help you adapt to these evolving standards. Upon completing this course, a learner will be able to:

• Recognize the impact of GASB 101 on accounting for compensated absences
• Recall changes to the financial reporting model
• Identify changes to disclosure requirements for certain assets and risks
• Recognize proposed changes to governmental GAAP
• 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

The AICPA is buzzing with activity in 2025, and this course will ensure you stay ahead of the curve. We’ll begin by exploring the new quality management standards which will be effect this year and their impact on practice management. From there, we’ll dive into the latest ethics standards, recent SSARS updates, and changes to the Peer Review Program driven by quality management requirements. To round out the session, we’ll examine common deficiencies in employee benefit plan (EBP) audits and highlight the initiatives of the National Pipeline Advisory Group to address the talent pipeline challenge. Don’t miss this comprehensive overview of what’s happening at the AICPA! Upon completing this course, a learner will be able to:

• Identify the components of quality management
• Identify the impact of recently issued ethics interpretations on independence
• Recall deficiencies identified by the DOL for EBP audits
• Recognize changes to the peer review process
• Identify the recommendations made by the NPAG to improve the accounting pipeline
• Recall key projects of the Auditing Standards Board
• Recognize the impact of recent standard setting on the applicability of AR-70

  Qualifications:  YB24 (1.5 Credits); YB56 (1 Credit)

Although the pace of FASB's standard-setting has slowed, the changes that have been issued can significantly impact organizations across sectors. This course begins with an overview of the standards effective in 2025 for public, private, and nonprofit organizations. We'll then explore what's on the horizon, including standards effective after 2025, key exposure drafts, and ongoing FASB projects. Equip yourself with the insights you need to stay informed and up-to-date in financial reporting. Upon completing this course, a learner will be able to:

• Recognize the impact of Accounting Standards Updates effective in 2025 on financial reporting
• Identify changes to financial reporting effective after 2025
• Recognize proposed changes to GAAP

Stay up to date with the latest from the Governmental Accounting Standards Board (GASB) in this comprehensive 2025 update. This course will begin with a review of recently issued standards, including compensated absences, asset disclosures, risk and uncertainty disclosures, and financial reporting model improvements. Next, we’ll dive into the exposure drafts and ongoing projects covering the latest on agenda projects. Whether you’re in government accounting or involved in governmental audits, this course ensures you’re in the know about all things GASB, preparing you for the changes and developments shaping the future of governmental financial reporting. Upon completing this course, a learner will be able to:

• Recognize the impact of GASB 101 on accounting for compensated absences
• Recall changes to the financial reporting model
• Identify changes to disclosure requirements for certain assets and risks
• Recognize proposed changes to governmental GAAP

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. Upon completing this course, a learner will be able to:

• Recognize procedures over the reliance on technology-driven outputs
• Recall data security challenges associated with increased use of artificial intelligence and technology
• Identify ethical considerations and best practices for maintaining professional integrity while leveraging AI tools

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. Upon completing this course, a learner will be able to:

• 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.

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. Upon completing this course, a learner will be able to:

• Identify elements of the proposed IFR4NPO standards
• Recall the impact of recent standard setting on programmatic investments
• Recognize the impact of recent ASUs on nonprofit financial reporting
• Recall the components of quality management in the 2024 Yellow Book

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. Upon completing this course, a learner will be able to:

• Identify elements of the proposed IFR4NPO standards
• Recall the impact of recent standard setting on programmatic investments
• Recognize the impact of recent ASUs on nonprofit financial reporting

This course provides auditors who serve nonprofit and governmental organizations with a comprehensive update on the changes impacting Single Audits in 2025. We’ll review key revisions to the Uniform Guidance issued in 2024 and their implications for this year’s audits. We will discuss updates in the 2025 Compliance Supplement. Additionally, we’ll explore topics of interest, including GAO findings on improper payments and government fraud, new requirements under the Financial Data Transparency Act (FDTA), and the Department of Education’s latest guidance on related parties. Stay informed and ready to tackle this year’s audit challenges! Upon completing this course, a learner will be able to:

• 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

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. Upon completing this course, a learner will be able to:

• Recall the components of quality management in the 2024 Yellow Book

Explore the transformative impact of technology on the audit profession in this forward-looking course. Gain practical insights into cutting-edge tools and trends, including data analytics, artificial intelligence (AI), and automation, and discover how these advancements are revolutionizing audit methodologies and improving audit quality. Through engaging demos, case studies, and actionable tips, you’ll learn how to navigate the evolving audit landscape with confidence and adaptability. This session is designed to equip CPAs with the knowledge to embrace innovation and stay ahead in a rapidly changing profession. Upon completing this course, a learner will be able to:

• Identify the latest audit technologies and tools available in the marketplace.
• Identify advancements in data analytics, artificial intelligence (AI), and automation that are transforming the audit process.
• Recognize the benefits and challenges of integrating these technologies into their firm’s audit practice.

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. Upon completing this course, a learner will be able to:

• Recall the impact of recently issued accounting standards on private company 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
• Recognize alternative financial reporting options for private entities
• Identify the components of quality management

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. Upon completing this course, a learner will be able to:

• Identify the impact of recently issued ethics interpretations on independence
• Recognize changes to ethics standards issued by PEEC
• Identify proposed changes to ethics requirements

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. Upon completing this course, a learner will be able to:

• Identify the impact of recently issued ethics interpretations on independence
• Recognize changes to ethics standards issued by PEEC
• Identify proposed changes to ethics requirements

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. Upon completing this course, a learner will be able to:

• Identify the key provisions of the SECURE 2.0 Act and their implications for employee benefit plan (EBP) audits
• Recall the impact of new accounting and auditing standards on EBP audit procedures and risk assessment.
• Identify insights from the latest Department of Labor findings and hot topics in EBP audits to develop strategies that enhance audit quality and mitigate risks.

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. Upon completing this course, a learner will be able to:

• Recognize the impact of GASB 101 on accounting for compensated absences
• Recall changes to the financial reporting model
• Identify changes to disclosure requirements for certain assets and risks

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. Upon completing this course, a learner will be able to:

• 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

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 basics & best practices of audit workpapers and proper audit documentation, as well as the common deficiencies in audit documentation. Upon completion, learners will be able to: 1. Identify common deficiencies in audit documentation on engagements 2. Recall the documentation requirements of audit workpapers from AU-C 230

When auditing management's accounting estimates, increased professional skepticism is necessary as there is always the potential for bias in areas of increased subjectivity & complexity. This course will demonstrate procedures to test the process used by management to develop estimates, as well as walk through common examples of accounting estimates that are included in the financial statements. It includes the updated requirements in SAS 143. Upon completion, learners will be able to: 1. Perform audit procedures to obtain comfort over the reasonableness of management's estimates 2. Recall circumstances that require accounting estimates