Auditing, Assurance, and Ethics Update for Governments and Not-for-Profits - Society of Louisiana Certified Public Accountants

Overview

You’ll learn about recent changes issued by the Auditing Standards Board and current projects in its work plan, as well as cover the provisions in the Government Auditing Standards 2024 Revision.

Highlights

Auditing Standards Board updates

SQMS No. 1, SQMS No. 2, and SQMS No. 3

Ethics considerations for auditors of governments and not-for-profits

*Government Auditing Standards 2024 Revision*

Prerequisites

Knowledge of auditing standards and the government and NFP environments

Designed For

Preparers of NFP and government financial statements

Auditors of NFP and government financial statements

Objectives

Identify the requirements of recently issued or effective Statements on Auditing Standards (SASs).
Identify the requirements of Statement on Quality Management Standards (SQMS) No. 1,
A Firm's System of Quality Management
, SQMS No. 2,
Engagement Quality Reviews
, and SQMS No. 3,
Amendments to QM Sections 10
, A Firm's System of Quality Management,
and 20,
Engagement Quality Reviews.
Identify the projects and objectives on the Auditing Standard Board's 2026-2027 audit standard-setting work plan agenda that may affect auditors.
Identify recent changes to the AICPA Code of Professional Conduct that affect auditors of governments and NFPs.
Distinguish the provisions of the
Government Auditing Standards 2024 Revision
.
Identify Yellow Book requirements related to independence, management's responsibilities, and reporting.
Identify changes to the Uniform Guidance.