GAQC Alert No. 488

This GAQC Alert provides important updates on the following topics:

Implications for single audit completion due to the delay of the Office of Management and Budget (OMB) 2025 Compliance Supplement (Supplement);
A summary of the “member value” results of the 2024 Governmental Audit Quality Center (GAQC) required membership requirements compliance assessment questionnaire;
Advocacy efforts resulting in a comment letter on the Governmental Accounting Standards Board (GASB) Preliminary Views (PV) titled, Severe Financial Stress and Probable Dissolution Disclosures; and
Opportunities for volunteer service on several AICPA committees, including the GAQC Executive Committee and the State and Local Government Expert Panel.