Assessing Risk Considering GASB Statement No. 102 and Related Audit Risk Assessments (Completed)
Date: Tuesday, September 12, 2023
Instructor: Eric S. Berman, Kurt Schlicker
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Many types of risk pervade states and local governments. Often, governments focus too much on financial risks, yet other types of risk are common ranging from cybersecurity risk to reputational risk. Find out what is in the newest standards for risk disclosures from the Governmental Accounting Standards Board and how independent auditors need to assess risk as part of gaining an understanding of governments in accordance with SAS-145.
Topics Covered
- Governmental Accounting
- Governmental Auditing
Learning Objectives
- Understand why risk assessment is so important for states and local governments as well as for independent auditors
- Learn the elements of GASB Statement No. 102, Certain Risk Disclosures
- Learn the requirements of SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (Governmental) (1 hour), Auditing (Governmental) (1 hour)
Program Prerequisites
Basic knowledge of governmental accounting and auditing.
Advance Preparation
None
