GOV2424. SAS 143 and 145 in a governmental environment

Leveraging what we have learned from the implementation of SAS 143 and SAS 145 this session will focus on the considerations unique to the government environment. This session will focus on the evaluation of common estimates in government financial statements as well as the overall risk assessment process considering the potential complexities of the reporting entity.

Learning Objectives:

• Identify estimates specific to government reporting and understand considerations under SAS 143.
• Analyze the SAS 145 risk assessment approach specific to the government environment.
• Indicate resources in the State and Local Government Accounting and Audit Guide.