New to AI? Start here. This beginner-friendly course explains how generative AI works, what terms like "LLM" and "agentic AI" really mean, and how CPAs can safely put these tools to use. You'll leave with a solid understanding of AI fundamentals and how they apply to accounting, tax, and finance. 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...
- Recognize the impact of recent accounting standards affecting not-for-profit organizations.
- Identify key elements and objectives of the International Non-Profit Accounting Standard (INPAS).
- Recall the impact of recent GASB pronouncements on governmental financial reporting.
- Identify new and updated disclosure and reporting requirements affecting governmental entities.
- Recognize changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance.
- Recall key developments from recent exposure drafts, implementation guidance, and regulatory updates affecting governments and not-for-profits.
Major Topics
The major topics that will be covered in this course include:
- Key accounting and auditing developments affecting governmental and not-for-profit organizations.
- Accounting Standards Updates issued by the Financial Accounting Standards Board.
- The purpose of INPAS and how it compares conceptually to U.S. GAAP for not-for-profit entities.
- Recent developments affecting Single Audits, including the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, and recent guidance issued through the Office of Management and Budget (OMB).
