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CPE Self-Study
Annual Update: Top Governmental and Not-for-Profit Accounting and Auditing Issues Facing CPAs
NASBA FIELD OF STUDY
Accounting and Auditing (Governmental)
LEVEL
Update
CPE CREDITS
Text: 10.0, Online: 9.0
Provides a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors based on calls and inquiries received by both the AICPA and GASB over the past year.

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CPE On-Demand
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Product details

Who Will Benefit?

  • External and internal auditors of governmental and not-for-profit organizations
  • Governmental and not-for-profit accounting professionals

Key Topics

  • Current GASB and FASB developments
  • Audit issues related to GASB and FASB developments
  • Recent GASB and FASB pronouncements and their impact on accounting and reporting
  • Top advice from the AICPA's Technical Hotline and the GASB Technical Inquiry System

Learning Objectives

  • Identify current accounting issues facing governmental and not-for-profit organizations.
  • Recognize audit challenges related to newly effective GASB standards.
  • Apply recent GASB pronouncements to accounting transactions.
  • Recall audit issues related to new and existing GASB standards.

Preparers of governmental and nonprofit financial statements and their auditors often seek advice from the AICPA's Technical Hotline as well as from the GASB Technical Inquiry System. The advice they receive from these sources is high quality and non-authoritative, but offers viable solutions or reasonable alternatives for accounting and auditing issues related to governmental and nonprofit organizations. Covering GASB 75, ASU 2016-14, this CPE course will enhance the participants' knowledge and application of professional judgment by providing a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors based on calls and inquiries received by both the AICPA and GASB over the past year.

Table of contents
Ratings and reviews
Author(s)

Lynda M. Dennis, CPA, CGFO, PhD

Longwood, Florida

Lynda Munion Dennis received her under graduate degree in accounting and finance from the University of West Florida and her Master's in Public Administration and her PhD in Public Affairs from the University of Central Florida. She is a Florida CPA as well as a Florida Certified Government Finance Officer. Lynda is a member of the faculty of the Dixon School of Accounting at the University of Central Florida as well as an author and discussion leader for the AICPA. Her most recent government experience was as the finance director for the City of Maitland, Florida. Prior to joining the City of Maitland, she was the Assistant to the Chief Financial Officer-Special Projects for the City of Orlando.

Before joining the City of Orlando, Lynda was the Chief Financial Officer for the Central Florida YMCA. Prior to that, she served as the Director of Finance and Administrative Services for the City of Oviedo, Florida for five years. Her experience includes working as an auditor for local and Big 4 firms with an emphasis in the insurance, government and not-for-profit sectors. Lynda also worked as the Special Projects Manager for the Dallas County Community College District and as a grader of CPA exams for the AICPA.

Lynda has served as the Chair of the CPE Advisory Committee of the AICPA and as a member of that committee for over seven years. She was a member of the Work/Life Balance and Women's Initiatives Executive Committee of the AICPA from 1997 to 2000. Lynda worked with the Accounting and Financial Reporting Exam Subcommittee of the AICPA for a number of years as well. She is currently serving on the Pre-Certification Education Executive Committee of the AICPA.

Additionally, she is active in the FICPA as a current member and former Chairman of the State and Local Government Section, a member of the Editorial Review Board, as former Chair and current member of the CPE Committee, and serves on the Accounting Principles and Auditing Standards Committee for the FICPA. She previously served on the FICPA Government Standards Review Committee for two years, the Accounting Careers Committee, and the Not-for-Profit Conference Committee for two years.

Lynda has also served on the CPE Committee of the Central Florida Chapter of the FICPA since 1989 and was President of the Chapter 2004 to 2005. She served as the Chairman of the Technical Resources Committee of the FGFOA in 1993/94 as well as in 2001/02 and was Chairman of the Certification Committee in 2000/01 for the Florida Government Finance Officers Association.

In recent years, Lynda has updated the AICPA State and Local Government Accounting and Audit Guide as well as the AICPA Checklists and Illustrative Financial Statements: State and Local Governments and an Audit Risk Alert related to audits of group financial statements. In addition, she has authored several courses for the AICPA in the areas of governmental and not-for-profit accounting, auditing, and fraud as well as courses in internal controls, auditing, and fraud in small entities.

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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Price:
$239.00
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Estimated total:
$239.00
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CREDIT INFO
CPE credits
Text
: 10.0,
Online
: 9.0
NASBA Field of Study
Accounting and Auditing (Governmental)
Level
Update
Prerequisites
An understanding of the not-for-profit and governmental industries.
ADVANCE PREPARATION
None
Yellow Book Hours
Text - 10; Online - 9
Delivery Method
QAS Self-Study
Course acronym
TGNP
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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