Thursday, Dec 5, 2019
8:45am – 4:30pm
This program provides a 2019 update of the issues at the forefront of industry to assist the auditor in assessing risk. It also includes updates to FASB guidance through March 2019 with a specific section on the new not-for-profit financial statements, complete with disclosure examples. We will also discuss the FASB's pending ASU related to the accounting for grants and contracts, as well as a discussion of the AICPA's task force recommendations related to revenue recognition. This course also includes a single audit section which has been updated for the newly-issued Yellow Book and other new developments in compliance auditing. The U.S. GAAP refresher portion of the program includes coverage of some significantly enhanced sections in the AICPA's nonprofit audit guide and nonprofit Technical Practice Aids.
Practitioners working with nonprofit organizations in public practice Nonprofit industry accountants who need to keep on top of current accounting and disclosure requirements
Participants will be able to: Apply the issues faced by nonprofits in today's environment which will help them assess risk Recognize and deal with major accounting and disclosure issues impacting their clients or organizations
MAJOR SUBJECTS Not-for-profit industry updates 2018-2019 Major accounting and disclosure issues specific to nonprofit organizations Single audit update Newly-issued Yellow Book (GAS)
Basic familiarity with not-for-profit accounting and auditing