Annual Update: Top 12 Governmental & Not-for-Profit Accounting & Auditing Issues Facing CPAs


Preparers of governmental and nonprofit financial statements and their auditors often seek advice from the AICPA’s Technical Hotline as well as from the GASB Technical Inquiry System. The advice they receive from these sources is high-quality and non-authoritative, but offers viable solutions or reasonable alternatives for accounting and auditing issues related to governmental and nonprofit organizations. The objective of this course is to enhance participants’ knowledge and application of professional judgment by providing a review of the top accounting and auditing issues faced by preparers of governmental and not-for-profit financial statements and their auditors based on calls and inquiries received by both the AICPA and GASB over the past year.


Identify current accounting issues facing governmental and not-for-profit organizations. Recognize audit challenges related to newly effective GASB and FASB standards. Apply recent GASB and FASB pronouncements to accounting transactions. Recall audit issues related to new and existing GASB and FASB standards.


COVID-19 impacts on governments, not-for-profits, and their auditors. Current GASB and FASB developments Audit issues related to GASB and FASB developments Recent GASB and FASB pronouncements and their impact on accounting and reporting Top advice from the AICPA’s Technical Hotline and the GASB Technical Inquiry System

Who Should Attend

External and internal auditors of governmental organizations and governmental accounting professionals

Required Knowledge

Experience in governmental and not-for-profit accounting and auditing

Advanced Prep


Event Speaker(s)

Mr. Arthur McKinnon Winstead, Jr., CPA ( DMJ & Co., PLLC, Greensboro, NC ),

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Event Vendor:The Association of International Certified Professional Accountants
Field of Study:Accounting (Governmental), Auditing (Governmental)
Level: Update
Other:Yellow Book

Event Type:Seminar
NASBA Instructional Method:Group Live
Event Code:A0058321

Registration Fees

Early Bird Rate expires November 5, 2021

RegistrationEarly BirdRegular
NCACPA Member$80.00$105.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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