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Day 3 of the conference will focus on auditing and ethics. We’ll start the day with a deep dive into the audit standards that will be effective for December ’21 and June ’22 year ends. The reporting suite (SAS 134-141) make material changes to the auditor’s report as well as the Uniform Guidance Compliance report. Attendees will focus on implementation and impact on process and budget. The course will then address SAS 142 and 143 which are coming down the pike and how firms can prepare. In addition to the audit standards the course will address changes to the attestation standards for AUPs, examinations and reviews. We’ll close with a review of the risk assessment proposal as well as quality management proposal. In the afternoon, the course will switch from AICPA topics to Yellow Book and Uniform Guidance with a focus on the impact of COVID19 on these types of engagements. We’ll close Day 3 with a 2-hour interactive ethics update.

Due to the uncertainty of large group gatherings in the coming months, the Government Finance Experts Conference will be held virtually. Please feel free to reach out to us with any questions or concerns you may have.

Objectives

  • Describe changes to the auditor’s report 
  • Identify proposed changes to the AICPA’s audit standards 
  • Recall the impact of COVID19 on Yellow Book and Uniform Guidance audits 
  • List recently issued ethics interpretations

Who Will Benefit

CPAs in public practice and government audit organizations responsible for planning, supervision and the conduct of governmental engagements and staff auditors; those employed in government and industry who are responsible for compliance with laws and regulations; and for financial managers and members in government and industry who are responsible for financial statement preparation and single audit compliance.

Credits

Category Amount
Auditing 6.00
Ethics 2.00

Leaders

  • Melisa F. Galasso

    Melisa F. Galasso, CPA, 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 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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