Accounting and Auditing Update for Not-for-Profits - Webcast
Overview
The most effective path to success lies in making yourself indispensable to your clients. Achieving that indispensability requires a robust understanding of your client's business. You'll explore the latest developments affecting not-for-profits including FASB requirements, 0MB, and Yellow Book developments. Moreover, you'll thoroughly review updates to ethics, governmental auditing standards, and accounting for not-forprofits.
By participating in this course, you'll ensure you are well-versed in current standards and best practices in not-for-profit accounting and auditing.
YELLOW BOOK: Qualifies for Yellow Book CPE based on your unique audited entity.
OSCPA has partnered with the Idaho Society of CPAs for this event.
Highlights
- Not-for-profit accounting update
- Revenue recognition in not-for-profits
- FASB update
- Auditor's report and conforming changes
- Auditing Standards Board update
- Ethics update
- SQMS No. 1, A Firm's System of Quality Management
- Governmental auditing update
Prerequisites
Knowledge of not-for-profit accounting and auditing
Designed For
Accounting and finance personnel responsible for accounting and financial reporting for not-for-profits and auditors of those entities
Objectives
When you complete this course, you will be able to:
- Identify how FASB's accounting updates affect not-for-profit financial statements.
- Apply FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, to an example financial instrument.
- Identify the requirements of recently issued Statements on Auditing Standards(SASs).
- Identify the requirements of SQMS No. 1, A Firm's System of Quality Management.
- Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs.
- Identify changes made in the Government Auditing Standards 2024 Revision.
- Recognize changes to the Uniform Guidance.
Leader(s):
Leader Bios
Bruce Shepard, Ret PWC Partner & AICPA Consultant, Surgent CPE
Bruce A. Shepard is a graduate of the Wharton School of Finance and Commerce and holds an MBA in Accounting and Quantitative Methods from the University of Oregon. Bruce is a Retired Partner with PricewaterhouseCoopers who practiced in Portland for 33 years. From 1985-2006, Bruce was in charge of the Middle Market Practice for PwC in Portland, where he served as an Assurance Partner from 1989-2006. From 2006-2010, Bruce was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada where he and his wife, Liz, presently reside. In 2011-12, Bruce was an adjunct professor of accounting at the University of Oregon and at George Fox University. Beginning in 2012 through today, Bruce is an AICPA Consultant instructing over 100 classes a year in accounting and auditing.
(3/22/21)
Non-Member Price $390.00
Member Price $315.00