| Dear Center Members: |
This GAQC Alert informs you about the following important matters:
- Registration information for the next live GAQC Web event, 2020 Compliance Supplement and Single Audit Update, on June 30, 2020.
- The expected issuance of a proposed Technical Bulletin (TB) by the Governmental Accounting Standards Board (GASB) to address Novel Coronavirus (COVID-19) matters.
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2020 Supplement Web Event
If you perform single audits, you should consider attending the upcoming GAQC live Web event, OMB Compliance Supplement and Single Audit Update, which will be held on Tuesday, June 30, 2020, from 1:00 PM to 3:00 PM (Eastern Time). This event will provide you with an update on recent single audit developments including what is expected in the 2020 Office of Management and Budget Compliance Supplement (Supplement) and the impact of the COVID-19 pandemic on single audits. Presenters for the event are John Good, EY LLP, and Lindsey Oakley, BKD. Topics to be covered include:
- Information on the 2020 Supplement including timing and significant updates expected;
- The impact of COVID-19 on single audits;
- Federal Audit Clearinghouse update; and
- An update on other relevant single audit activities.
GAQC Member Registration: GAQC members can register now using the CPE or no-CPE options. To view group and no-CPE options on the registration page, use the arrow to scroll right or left.
To ensure you receive CPE for this Web event, please complete your online registration by noon (Eastern Time) on Tuesday, June 30, 2020.
GASB COVID-19 TB
The GASB is expected to issue an exposure draft of a proposed TB, Accounting and Financial Reporting Issues Related to the CARES Act of 2020 and COVID-19, after a special meeting to be held on June 9, 2020. You can listen to the live GASB meeting, which will be held from 1:00 PM – 2:30 PM (Eastern Time). Access the agenda and information on how to listen here.
The TB will propose application guidance for the recognition and presentation of transactions and other events related to certain programs established by the Coronavirus Aid Relief and Economic Security Act of 2020 (CARES Act) and the COVID-19 pandemic. The GASB expects to post the exposure draft on its web site (www.gasb.org) no later than Wednesday, June 10. Due to the need for guidance in the short term, the exposure period will likely be only 15 days. So, you should be on the lookout for the proposed TB if you are interested in reviewing it or commenting. * * * * *
Sincerely,
AICPA Governmental Audit Quality Center |
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