Latest Developments in Nonprofit Accounting and Auditing

Overview

This is another year of significant change in the world of nonprofit accounting and auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort with this informative update course. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of the latest developments in nonprofit accounting and auditing.

Highlights

Developing issues related to Yellow Book audits and single audits Key AICPA developments affecting audits of nonprofits (including SAS No. 145 on risk assessment) Lessons learned (and lessons remaining) from the implementation of FASB ASC 842, Leases and ASU No. 2020-07 related to contributions of nonfinancial assets Solving contribution conundrums (e.g., conditional contributions, restricted contributions, contributed services, and etc.) Additional issues in not-for-profit financial reporting

Prerequisites

Knowledge of nonprofit accounting and auditing

Designed For

Auditors and industry professionals working in the nonprofit environment

Objectives

Understand the latest GAO, OMB, AICPA, and FASB developments Keep your accounting and auditing skills up to date with current requirements Prepare for major changes on the horizon

Preparation

None