Debt is typically a critical component of the financial statements, impacting the economic decisions of financial statement users. This course will address common issues that may impact the proper presentation and disclosure of debt, including debt covenant compliance and other issues that impact classification of the liability between current vs. noncurrent.
DESIGNED FOR
All accounting/auditing professionals
BENEFITS
- Recall quality management requirements under the 2024 Yellow Book
- Identify changes to the effective date of the 2024 Yellow Book
- Recognize recent updates to the Green Book affecting internal control considerations
- Recognize the impact of the 2024 Uniform Guidance changes on Single AuditsIdentify changes in Appendix B of the AICPA GAS/Single Audit Guide affecting Single Audit engagements
- Recall key changes introduced through recent OMB memoranda relevant to Single Audits
HIGHLIGHTS
- 2024 Yellow Book revisions and implementation updates
- Quality management and key audit role changes
- GAO implementation delay and audit planning implications
- Green Book updates and internal control considerations
- 2024 Uniform Guidance overhaul
- Single Audit requirement updates
- AICPA GAS/Single Audit Guide (Appendix B) changes
PREREQUISITES
Prior experience with GAGAS and Uniform Guidance
ADVANCE PREPARATION
None