GAE2607. Emerging Issues in State & Local Government

Auditors and governments have navigated a rapidly changing environment in recent years, and those conditions will continue to impact audits in 2026. Government auditors face a range of practice challenges, making it difficult to perform effective and efficient audits while maintaining the level of quality expected by stakeholders and the profession. Learn about the latest developments affecting state and local government financial statement audits and how to respond to them in practice.

Learning Objectives:

• Identify how the current environment is impacting state and local government audits and practitioners, including, but not limited to, the COVID-19 funding cliff, cybersecurity, and staffing shortages
• Identify considerations when auditing implementation of GASB Statements No. 103 through 105
• Identify the impact of other factors on governmental audits such as legislative and regulatory developments and other GASB projects