This session covers key updates from GASB, FASB, OMB, and Uniform Guidance, with practical insight into how new and emerging requirements may affect financial reporting, audit preparation, internal controls, and federal award compliance.
In this session, you’ll learn about:
- GASB 103 financial reporting changes, including MD&A, proprietary funds, subsidies, budgetary comparisons, and component unit reporting
- GASB 104 and GASB 105 requirements, including capital asset disclosures, assets held for sale, and subsequent event reporting
- FASB updates for nonprofit organizations, including crypto asset accounting, income tax disclosures, and CECL considerations
- Single audit and Uniform Guidance updates, including the $1 million single audit threshold, internal control documentation, and the 2026 Compliance Supplement
- Emerging government accounting developments, including infrastructure reporting, revenue and expense recognition, financial stress, and digital financial reporting
Government and nonprofit accounting requirements continue to evolve, making it important for finance professionals, auditors, and financial statement preparers to understand both newly effective standards and developments on the horizon.
