Governmental Accounting and Auditing Update (2012–2013 Edition)

In keeping up with daily emails, phone calls, meetings and deadlines, you can fall behind on current developments in governmental accounting and auditing. Don’t fall behind. Stay current with this proven update course.

OBJECTIVES

• Review recent GASB pronouncements relating to: fund balance reporting and governmental fund type definitions; the accounting and financial reporting for Chapter 9 bankruptcies; the financial instruments omnibus; accounting and financial reporting for service concession arrangements; the financial reporting entity omnibus; and the codification of accounting and financial reporting guidance contained in pre-November 30, 1989 FASB and AICPA pronouncements
• Plan for additional pronouncements pending by the GASB
• Review recent federal activities related to the 2011 Yellow Book revision and A-133 audits
• Readily understand recent AICPA pronouncements and activities related to compliance auditing; RSI; and the clarity project

Prerequisite: Knowledge of government auditing and accounting

Advanced Preparation: None

In this 180-min video, W.A. Broadus, Jr., CPA, CGFM, president of W.A. Broadus, Jr., CPA, PC, a respected consultant in the governmental and nonprofit area, employed for several years with the GAO, and author of many AICPA professional development courses, interviews David R. Bean, CPA, director of research and technical activities, GASB; Peter B. Bell, CPA, CGFM, consultant and trainer, employed for several years with HUD; Marcia B. Buchanan, CPA, CGFM, assistant director, GAO; James R. Dalkin, CPA, CGFM, director, GAO; John H. Fisher, CPA, manager, HHS, OIG; Mary Foelster, CPA, AICPA director–Governmental Auditing and Accounting; Charles Landes, CPA, AICPA vice president–Professional Standards; Terry Ramsey, CPA, senior technical advisor, HHS; and George A. Rippey, CPA, CGFM, retired deputy assistant IG for audit, U.S. Dept. of Education.

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