Accounting & Auditing Update for Not-for-Profit Professionals
Presenter
Martin Birr,
Trustee Lecturer in Accounting,
Kelley School of Business at Indiana University
Overview
The most effective path to success lies in making yourself indispensable to your clients, and achieving that indispensability requires a robust understanding of your client's business. Explore the latest developments affecting not-for-profits, including FASB requirements, OMB and Yellow Book developments. This course offers a thorough review of updates to the auditor's reporting and conforming standards, ethics, governmental auditing standards, and accounting for not-for profits. By participating, you ensure you are well-versed in current standards and best practices in not-for-profit accounting and auditing.
Learning Objectives:
- Apply the most recent requirements of the FASB directed toward not for-profits.
- Recall key points related to the latest developments in OMB and Yellow Book requirements.
- Identify recent activities of the AICPA and how they affect the auditor's report.
Major Topics:
- Not-for-profit accounting update
- Revenue recognition in not-for-profits
- FASB's lease standard
- FASB update
- Auditor's report and conforming changes
- Auditing Standards Board update
- Ethics update
- Common audit deficiencies
- SSARS and SSAE update
- Governmental auditing update
