Webcast: 2025 Annual Update for Governmental Accountants and Auditors
200 | Webcast | Update | Scheduled
Description
This comprehensive course provides the critical updates governmental accountants and auditors need to stay informed. We'll begin with a review of recent GASB standards, including compensated absences, asset disclosures, risk and uncertainty disclosures, and financial reporting model improvements. Participants will also gain insights into GASB's current projects, exposure drafts and agenda progress to ensure they are up to date on what's ahead. For auditors, we'll cover key changes to governmental auditing standards, including the 2024 Yellow Book updates, the transition from quality control to quality management, and implementation timelines, with early adoption options. Single audit updates will include the 2024 Uniform Guidance changes, the 2025 Compliance Supplement, GAO reports on improper payments and government fraud, the Financial Data Transparency Act (FDTA), and recent Department of Education guidance on related parties.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 3.00 | Accounting (Governmental) |
| 3.00 | Auditing (Governmental) |
Prerequisites
Prior experience with governmental accounting and auditing
Objectives
Key Takeaways:
- Impactful GASB standards effective now and those coming soon
- The 2024 Yellow Book's focus on quality management and key audit matters
- Single audit updates, including 2025 Compliance Supplement changes and guidance on related parties
Learn how these updates impact compliance and audit quality, ensuring your organization or clients are prepared. This course ensures you're equipped with the knowledge needed to navigate the evolving landscape of governmental accounting and auditing with confidence.
Upon completing this course, a learner will be able to:
- Recognize the impact of GASB 101 on accounting for compensated absences
- Recall changes to the financial reporting model
- Identify changes to disclosure requirements for certain assets and risks
- Recognize proposed changes to governmental GAAP
- Recall the components of quality management in the 2024 Yellow Book
- Identify changes to single audits as a result of the 2025 Compliance Supplement
- Recognize the impact of the 2024 Uniform Guidance on single audits
- Identify the key findings in GAO's Improper Payments: Information on Agencies' Fiscal Year 2023 Estimates report (GAO-24-106927)
- Recognize the requirements of the FDTA
- Identify the impact of the DOE's Related Party Disclosure Requirements on education audits
- Identify the strategies recommended to fight fraud from the AICPA's Government Performance and Accountability Committee's Detecting Government Fraud report
Prices
- Member (Early Bird)
- $229.00
- Non-Member (Early Bird)
- $349.00
- Member
- $229.00
- Non-Member
- $349.00
Instructors
Melisa F. Galasso, CPA
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is a Certified Speaking Professional, a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
Within the industry, Melisa serves on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA's Board of Directors. She previously served on the AICPA's Technical Issues Committee (TIC) and is a past-Chair of the NCACPA's A&A committee. Melisa also authors the AICPA's State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
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