Focus Areas for June 30th Year-End Audits and Financial Reporting
Author: Eric S. Berman
| CPE Credit: |
2 hours for CPAs |
This fiscal year end may be the lull before the storm for states and local governments. Learn about the important GASB statements that should be implemented by states and local governments for the fiscal year ended June 30, 2024, and look ahead to 2025 in this 2 CPE course.
Publication Date: August 2024
Topics Covered
- Quick Review of Audit Standards to Consider for this June 30 Year - End
- Why Closing May be a Risk This Year
- Governmental Accounting Standards Board (GASB) Provisions to Consider for this June 30 Year-End
Learning Objectives
- Identify the remaining elements of GASB Statement No. 99, Omnibus 2022 that may apply to governments this fiscal year end
- Identify the history of standards setting that resulted in GASB Statement No. 100, Accounting Changes and Error Corrections
- Identify information on the differences between the various accounting changes and error corrections
- Identify the reporting issues relating to GASB-100
- Identify important information that may impact state and local governments regarding Implementation Guide Update 2021-1 Question 5.1’s implementation this year
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
