Audits of State and Local Governments: What You Need to Know (111228A-15)
Description
Whether you are a financial statement preparer or auditor, or you
practice in state and local government, this course provides you with
advice for handling audit and accounting issues common to state and
local governments. You’ll get critical “how-to” guidance on planning,
performing and reporting on your audit engagements; including financial
reporting and the financial reporting entity, revenue and expense
recognition, capital asset accounting, and the elements of net position.
Learning Objectives
Comprehend the latest principles of Auditing and Accounting for State
and Local Governments
Identify new GASB standards
Review in detail
auditing considerations including Risk Assessment, Materiality, Group
Audits, Concluding the Audit and Auditing Reporting with Illustrative
Auditor's Report
Re-examine significant accounting transactions
including Financial Instruments; Revenues and Receivables; Capital
Assets; Expenses/Expenditures and Liabilities; Net Position and
Financial Statements Reconciliations
Identify guidance for
Special-Purpose Governments like hospitals, school districts,
transportation systems, colleges and universities and more
Understand
financial statements prepared in accordance with a Special Purpose
Framework with Illustrative Auditor's Reports
Review latest
requirements for Actuarial Valuations, Accounting and Financial
Reporting
Major Topics
Auditing Considerations Review Significant Accounting Transactions Actuarial Valuations, Accounting and Reporting Special-Purpose Governments Financial statements prepared in accordance with a Special Purpose Framework including an Illustrative Auditor's Report Update of GASB Standards Update of Government Auditing Standards Recent Developments
