Financial Statement Tools, Practice Aids, and Other Resources for Auditees 


    The GAQC also provides resources to its auditor members relating to financial statement audits of governments and not-for-profit organizations (NPOs).  The following should be of interest to auditees from these types of entities:

    State and Local Governments

    NEW GASB Matters -A new section of the GAQC Web site to consolidate issues, resources, and communications from the AICPA and the State and Local Government Expert Panel (SLGEP) on Governmental Accounting Standards Board (GASB) matters.  Access the GASB Matters Resource Center.

    An Overview of the New GASB Pension Accounting Standards: Part I  Web eventThe purpose of this archived GAQC Web event is to assist participants in understanding the new underlying accounting and financial reporting requirements of GASB Statement Nos. 67 and 68. Part I of this GAQC Web series focused on the accounting side of this topic and was presented by GASB staff, accompanied by the chairman of the AICPA State and Local Government Expert Panel who moderated the session. A key focus area of the event was exploring the major changes in the calculation and reporting of pension obligations and expenses that are important to be aware of in order to prepare for implementation. This Web event explored how these changes might affect financial reporting going forward. Access this archived event.

    New GASB Pension Standards – Increasing Transparency in Public-Sector Financial Reporting

     
    This
    video highlights two new Governmental Accounting Standards Board pension standards and how their implementation improves transparency around the effect of public pension benefits on the finances of state and local governments.

    2013 AICPA Guides for State and Local Governments, Not-for-Profits, and Yellow Book/Circular A-133 Audits: What to Expect for Clarity, Auditor Report Changes, and More Web Event. This Governmental Audit Quality Center archived Web event is intended to provide auditors and auditees with insight on what to expect in the 2013 editions of several key AICPA publications which include: 1) AICPA Audit Guide, Government Auditing Standards and Circular A-133 Audits (GAS/A-133 Guide); (2) AICPA Audit and Accounting Guide, Not-for-Profit Entities (NFP Guide); and (3) AICPA Audit and Accounting Guide, State and Local Governments (SLG Guide). Access this archived event.

    The New AICPA OCBOA Publications: What They Are and How They Apply to Governments and Not-for-Profits Using Cash, Modified Cash, and Regulatory Frameworks Web Event
    Does your government or NPO prepare their annual financial statements using an OCBOA? This archived Web event covers the contents of two important new AICPA publications that contain new and updated guidance for both auditors and preparers of OCBOA financial statements.  Access this archived event.

    Article on Implementation Considerations of GASB 61.  This GAQC Article addresses the more significant changes that will result form the implementation of Governmental Accounting Standards Board (GASB) Statement No. 61, The Financial Reporting Entity:  Omnibus, and assumes that readers have a full understanding of GASB Statement No. 14, The Financial Reporting Entity.  The article was developed by several AICPA Expert Panels and is a must read if you are involved in the preparation of state and local government financial statements.  Access the article.

    GASB's New and Upcoming Standards Web Event - The purposed of this archived GAQC Web event, which was held in  2012 is to provide participants with important information on issued or newly effective GASB standards and pronouncements for your upcoming engagements.  This Web event featured staff from GASB and a practitioner with first-hand experience auditing local and state governments.  Access this archived event.  No continuing professional education (CPE) is available for listening to the archive of this event.

    Not-for-Profits

    2013 AICPA Guides for State and Local Governments, Not-for-Profits, and Yellow Book/Circular A-133 Audits: What to Expect for Clarity, Auditor Report Changes, and More Web Event. This Governmental Audit Quality Center archived Web event is intended to provide auditors and auditees with insight on what to expect in the 2013 editions of several key AICPA publications which include: 1) AICPA Audit Guide, Government Auditing Standards and Circular A-133 Audits (GAS/A-133 Guide); (2) AICPA Audit and Accounting Guide, Not-for-Profit Entities (NFP Guide); and (3) AICPA Audit and Accounting Guide, State and Local Governments (SLG Guide). Access this archived event.

    Not-for-Profit Entities:  2012/2013 Audit and Accounting Considerations Web Event
    This archived event is intended to provide members performing not-for-profit entity financial statements audits with the latest information they need. Additionally, NFPs and their auditors need to be aware of new accounting and auditing standards that are effective for this year’s financial statement audit. Access this archived event.

    The New AICPA OCBOA Publications: What They Are and How They Apply to Governments and Not-for-Profits Using Cash, Modified Cash, and Regulatory Frameworks Web Event
    Does your government or NPO prepare their annual financial statements using an OCBOA? This archived Web event covers the contents of two important new AICPA publications that contain new and updated guidance for both auditors and preparers of OCBOA financial statements. Access this archived event.

    Challenges with Fair Value Measurements for Not-for-Profits Web Event.  The purpose of this archived GAQC Web event is to help NPOs and their auditors deal with the challenges they face in applying fair value measurements to certain transactions and to learn more about a white paper issued by AICPA titled, Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities.  Access this archived event.  No CPE is available for listening to the archive of this event.




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