Financial statements are a window into what is going on in the day-to-day operations of the company. They help us see what the company's strengths and weaknesses are. However, financial statements can often have different messages depending on the user. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Identify requirements related to audit reporting when the requirements for reporting on key audit matter apply
- Recall core concepts fundamental to determining and documenting independence
- Recognize supplemental requirements imposed by the 2024 Yellow Book during the performance of a financial statement audit
- Recall significant changes made by the 20248 version of Government Auditing Standards
- Recognize the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing Standards
Major Topics
The major topics that will be covered in this class include:
- Budgets vs. Forecasts
- Cyclicality
- Core Earnings & Sustainable Growth
- Identifying Key Forecast Drivers
- Reasonableness in Forecasting
- Approaches to Budgeting
- Budgeting Variances
- Horizontal Analysis
- Flexible Budgeting
