GAE2416. CFS Progress, Challenges, & Actions to Address Them

This session will discuss the significant progress made in the preparation and audit of the U.S. Government’s Consolidated Financial Statements (CFS) to address long-standing issues, the status of the challenges remaining, actions being taken to address them, and the future impact of those actions on agency preparers and auditors.

Learning Objectives:

• Identify the long-standing issues affecting the preparation and audit of the U.S. Government’s Consolidated Financial Statements (CFS) and progress that has been made to address them.
• Recognize the actions being taken to address these long-standing issues.
• Recognize how these actions will impact agency preparers and auditors.