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Upon successful completion of this course, the user should be able to:

• identify emerging fiscal, operational, and technological challenges facing state and local governments, including post-pandemic budget constraints, workforce shortages, and increasing service demands;

• describe key updates to governmental auditing and compliance frameworks, including the 2024 Yellow Book and the 2024 Uniform Guidance, and their implications for audit quality and grant administration; and

• explain the objectives and effective dates of recent GASB statements, including GASB 102, 103, and those related to capital assets and intangible rights, emphasizing their impact on financial reporting and risk disclosure.