Latest Developments in Nonprofit Accounting and Auditing

Overview

You could pay $0 for this course!

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.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course to be eligible. The course code for this program is C-3348. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

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