Identification: NOT1925
Given increased accountability to constituents, donors and regulators for accuracy and integrity of business operations, heightened expectations of boards and audit committees for transparency and effectiveness, and greater media coverage of lapses in good governance, strong board performance is essential. When done right, governance activities of boards and committees can not only provide needed oversight, but can contribute in meaningful ways to organizational success – and mission achievement. In this presentation, we will address key governance principles for Boards and Audit Committees in the not-for-profit sector, focusing on responsibilities, current governance issues, and associated best practices. The presentation will be based on Grant Thornton’s “Not-for-Profit Board Guidebook,” and Not-for-Profit Audit Committee Guidebook, which cover governance responsibilities and the issues that trustees and management face as they govern.
Identification: NOT1926
Today’s non-profit organizations operate in an intensely competitive talent marketplace, with the continual challenge of attracting, engaging, and rewarding the best talent. Some organizations have turned to a holistic ‘Total Rewards’ approach in constructing an Employee Value Proposition (EVP) – yet all struggle to manage expenses and achieve cost certainty. With both tangible and intangible rewards being important differentiators, a balanced program that resonates through a well-constructed EVP is an effective tool to help distinguish your organization.
Identification: NOT19UP3
In this session a former charities regulator will answer your questions regarding charity registration compliance risks and legal traps in preparing and submitting financial reporting forms to state charity officials. (Available Onsite Only)
Identification: NOT1927
During this session, we will discuss the following:
Learning Objectives:
Identification: NOT1928
The speakers will discuss current industry, regulatory and economic developments affecting not for profit organizations that will be important for both auditors and preparers for the upcoming year. We will discuss the latest not for profit accounting and auditing trends and developments and those that are on the horizon.
Identification: NOT1929
With auditees required to implement the Uniform Guidance Procurement standards this past year, it is now the auditor’s turn to begin considering the Uniform Guidance Procurement Standards in the Single Audit and how to approach testing. This session will provide practical audit guidance on testing approaches for procurement, including sampling methodology, testing of written procurement procedures, and various examples.
Identification: NOT1930
Most nonprofit organizations have responsibilities for state and local sales tax and other taxes, even if the federal income tax exemption removes state income tax liability. The U.S. Supreme Court's recent ruling in the WAYFAIR case adds to the importance of staying on top of this area, now. We will also discuss state Unclaimed Property remittance laws and other state filing requirements.
Identification: NOT1931
Approaches to 'doing charity' over the last decade demonstrate a marked increase in the use of non-501(c)(3) modes. These include: (c)(4) social welfare organizations, for-profit subsidiaries, joint ventures, and for-profit 'hubs'. This session will present the advantages and disadvantages of these and other alternative modes and note how they are affected by federal and state law.
Identification: NOT1932
Operational excellence can come about through integrated performance across funds management, cost and risk. It focuses on exceeding stakeholder expectations through the continuous improvement of the operational processes and the culture of the organization.
Identification: NOT19UP5
This unplugged session picks up where session 22 (Deep Dive on ASU 2018-08) leaves off. More case studies will be explored in applying the new accounting guidance. Bring your questions and examples to share with the group for this lively discussion. (Available Onsite Only)