This course provides a focused update on major recent pronouncements issued by the Governmental Accounting Standards Board (GASB). Coverage includes GASB Statement No. 103 (financial reporting model), GASB Statement No. 104 (disclosures for capital assets), and GASB Statement No. 105 (subsequent events). Participants will also receive a high-level overview of active GASB exposure drafts and ongoing projects. The course is designed to help auditors, preparers, and financial leaders understand how these developments affect audits, financial statement preparation, and board reporting. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. This course qualifies for Yellowbook.
Learning Objectives
After attending this presentation, you will be able to...
- Identify the scope and key requirements of the AICPA NOCLAR ethics interpretations.
- Recall the auditor's requirements with respect to NOCLAR communication
- Recognize how Yellow Book addresses NOCLAR communications
Major Topics
The major topics that will be covered in this course include:
- Participants will review the scope of the interpretations
- The responsibilities of members in public practice and members in business
- Considerations involving confidentiality, communication, documentation, withdrawal, and further action in the public interest. Related requirements under SAS No. 147 and the 2024 Yellow Book, including how auditors must handle communications related to NOCLAR.
