2024 Revision to Government Auditing Standards Impact
Overview
This course will provide an update of Government Auditing Standards as a result of the GAO’s issuance of the 2024 Revision to Government Auditing Standards. The course will focus on the Revisions impact on financial statement audits. The course will also focus on the impact of Quality Management Standards as well as clarify as to when the concept of reporting key audit matters might apply for financial audits. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this course include:
- Key changes made by the 2024 Revision to Government Auditing Standards
- Review when the GAGAS requirements are applicable to a financial statement audit
- When reporting on key audit matters may apply in a GAGAS audit
- Clarifications related to the independence requirements in a financial statement audit imposed by the 2024 Yellow Book
- Review the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing Standards
- Other important matters contained in the 2024 Government Auditing Standards related to financial statement audits
Prerequisites
None
Designed For
Anyone involved in GAGAS (Yellow Book) audits
Objectives
After attending this presentation, you will be able to...
- Identify requirements related to audit reporting when the requirements for reporting on key audit matter apply
- Recall core concepts fundamental to determining and documenting independence
- Recognize supplemental requirements imposed by the 2024 Yellow Book during the performance of a financial statement audit
- Recall significant changes made by the 20248 version of Government Auditing Standards
- Recognize the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing Standards
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by CPA Crossings.
Leader(s):
Leader Bios
Daniel Bradley
Daniel W. Bradley, CPA is a principal with the regional CPA firm of Young, Oakes, Brown & Co., P.C. in Altoona, Pennsylvania. He has extensive experience in performing audits of governmental units, not-for-profit organizations, and for-profit entities. Dan produces educational seminars for CPAs and lectures nationally predominantly in the area of auditing and accounting. He was a member of the adjunct faculty of Saint Francis University in Loretto, Pennsylvania. Dan’s skills as an instructor have won him various awards such as an outstanding discussion leader, including the AICPA’s 2015 Outstanding Discussion Leader Dan is a member of the American Institute of CPAs and the Pennsylvania Institute of CPAs (PICPA). He has served on the PICPA local government conference committee for many years. Dan has served as president of the local chapter of Institute of Management Accountants’ and the Altoona American Business Club. He has also served as a member of the Executive Committee of the Pennsylvania Economy League and a board member of the local March of Dimes. Dan holds a Commonwealth of Pennsylvania license to practice as a CPA.
Non-Member Price $199.00
Member Price $149.00