Event Description

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.

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

Major Subjects

Developing issues related to Yellow Book audits and single audits Key AICPA developments affecting audits of nonprofits (including the implementation of SAS No. 142 on audit evidence) Preparing for implementation of the new requirements related to contributions of nonfinancial assets (i.e., ASU No. 2020-07) Understanding FASB ASC 842, Leases, and how nonprofits will implement the standard Trends in nonprofit reporting today

Prerequisites

Knowledge of nonprofit accounting and auditing

Instructions

None