This session will provide an update related to the APA’s oversight of Virginia local governments, including:

• Important reminders on annual audit and reporting requirements, the APA’s Audit Specifications, the APA comparative report transmittal process, and any other key, topical issues affecting local governments;

• Recent and upcoming changes from Virginia’s legislative sessions that impact local governments;

• Overview and recent results of the APA’s annual quality control review process over CPA firms auditing Virginia’s local governments;

• Overview and recent results on the APA’s annual fiscal distress monitoring process over cities, counties, and towns.

Learning Objectives:

• Obtain knowledge on annual audit and reporting requirements, APA Audit Specifications, APA comparative report process, recent state legislative changes that impact local governments, and other key, topical issues
• Obtain knowledge on APA’s annual quality control review process over CPA firms auditing local governments
• Obtain knowledge on APA’s annual local fiscal distress monitoring process

Delivery Method | Group Internet Based
Recommended CPE Credit | Up to 8 hours of CPE, pending approval 
Recommended Field(s) of Study | Accounting (Governmental)
CPE Capability | Technical Expertise/Problem-Solving
Prerequisites | None 
Program Level | Basic 
Advanced Preparation | None