2025 Recorded Course Catalog

This comprehensive course provides the critical updates governmental accountants and auditors need to stay informed. We’ll begin with a review of recent GASB standards, including compensated absences, asset disclosures, risk and uncertainty disclosures, and financial reporting model improvements. Participants will also gain insights into GASB’s current projects, exposure drafts, and agenda progress to ensure they are up to date on what’s ahead. For auditors, we’ll cover key changes to governmental auditing standards, including the 2024 Yellow Book updates, the transition from quality control to quality management, and implementation timelines, with early adoption options. Single Audit updates will include the 2024 Uniform Guidance changes, the 2025 Compliance Supplement, GAO reports on improper payments and government fraud, the Financial Data Transparency Act (FDTA), and recent Department of Education guidance on related parties. Key Takeaways: - Impactful GASB standards effective now and those coming soon. - The 2024 Yellow Book’s focus on quality management and key audit matters. - Single Audit updates, including 2025 Compliance Supplement changes and guidance on related parties. Learn how these updates impact compliance and audit quality, ensuring your organization or clients are prepared. This course ensures you’re equipped with the knowledge needed to navigate the evolving landscape of governmental accounting and auditing with confidence. 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
• 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 comprehensive course provides the essential updates for professionals working with governments and not-for-profit organizations. We’ll begin with an in-depth review of recent GASB standards, including compensated absences, certain asset disclosures, risk and uncertainty disclosures, and financial reporting model improvements. For each standard, we’ll cover its background, potential impact, and practical strategies for implementation to ensure you’re fully prepared. Next, we’ll shift focus to the FASB and its implications for nonprofit organizations. While there haven’t been recent nonprofit-specific standards, several Accounting Standard Updates (ASUs) significantly impact NFPs. We’ll explore these ASUs, evaluate changes to programmatic investments, and discuss their interplay with the CECL standard. Additionally, we’ll highlight the movement in IFR4NPO, a global initiative to develop universal financial reporting standards for nonprofits, offering insights into its potential worldwide impact. In the second half, we’ll turn to governmental auditing. Key topics include the 2024 Yellow Book updates, the transition from quality control to quality management, and the implementation timelines. For Single Audits, we’ll cover the 2024 Uniform Guidance changes, 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. Key Takeaways: - The latest GASB standards and how to effectively plan for implementation. - The FASB's recent updates impacting NFPs, including programmatic investments and CECL. - The global IFR4NPO initiative for nonprofit financial reporting. Stay up to date on governmental auditing changes, including Yellow Book updates and Single Audit developments. This course equips you with the knowledge and tools needed to navigate evolving standards and auditing requirements with confidence, ensuring compliance and excellence in 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
• 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
• 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 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

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

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

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

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