This year is indeed 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 in staying current through this informative update course. The course materials utilize a highly illustrative and innovative format. Over 20 focused exercises are included to provide an enhanced working knowledge of the latest developments in nonprofit accounting and auditing.
Learning 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 Topics
- Developing issues related to the 2024 Yellow Book revision and the 2024 revision to the Uniform Guidance for Federal Awards
- Key AICPA developments affecting audits of nonprofits (including SAS No. 146 on quality management)
- Key issues related to not-for-profit financial reporting (e.g., presenting a measure of operations, various disclosures, etc.)
- Key challenges encountered in not-for-profit accounting (e.g., conditional contributions, restricted contributions, contributed services, membership dues, noncash contributions, etc.)
