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2024 Annual Update for Not-for-Profit Accountants and Auditors

Monday, January 6
 9:00am - 5:00pm

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8.00 Credits

Member Price $239.00

Non-Member Price $364.00

Overview

The Not-for-Profit Advisory Committee (NAC) has been meeting with FASB to discuss the impact of various standards on the nonprofit community. We’ll look at the work of the NAC and the impact they’ve had. We’ll then transition to the Accounting Standards Updates (ASUs) issued by the FASB that impact nonprofit entities. We’ll review year 2 considerations of the leases standard. We’ll also review common nonprofit deficiencies identified in peer review. Once we’ve wrapped up the accounting update, the course shifts to the audit side of the house with a look at what’s going on at the AICPA. We’ll review the impact of the changes to group audits as the changes coming down the pike for quality management. This course will keep auditors up to date on the work of the ASB. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives

After attending this presentation, you will be able to...

  • Recall changes to financial reporting for nonprofits
  • Recognize the impact of audit changes on nonprofit audit engagements

Highlights

The major topics that will be covered in this course include:

  • The Not-for-Profit Advisory Committee (NAC).
  • Accounting Standards Updates (ASUs).
  • Year 2 considerations of the leases standard.
  • Common nonprofit deficiencies identified in peer review.
  • What's going on at the AICPA.

Designed For

Practitioners who audit nonprofits as well as those with financial reporting roles within nonprofit organizations.

Prerequisites

Prior experience with nonprofit GAAP and GAAS

Preparation

None

Notice

You will receive an email from CPA Crossings via Webex with instructions to access the webinar.

Leader(s):

Leader Bios

Melisa Galasso, Founder and CEO, Galasso Learning Solutions LLC

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.

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Non-Member Price $364.00

Member Price $239.00