Navigating Complex Single Audit Issues

Oct 26, 2021 1:25pm ‐ Oct 26, 2021 2:15pm

Identification: GOV2128

The federal government has provided various forms of relief in response to the COVID-19 pandemic, including significant federal financial assistance. The increased funding has created new challenges. Yet delivering high quality audits is still a priority during these challenging times. Join us as we explore complex single audit issues.
Learning Objectives:
  • Identify the answers to challenging single audit questions
  • Discover single audit nuances through exploration of challenging areas
Category: Concurrent Session Onsite and Online

Form 990 Schedules A-R, An Update and Overview

Oct 26, 2021 2:25pm ‐ Oct 26, 2021 3:15pm

Identification: GOV2130



How long has it been since you considered changes, traps, and nuances of the most-utilized Form 990 supporting schedules? In this session, we will run through each of the sixteen schedules – emphasizing those most encountered by not-for-profit organizations – and provide valuable insight on filing issues, tricks, and traps.
Learning Objectives:
  • Review recent updates across the Form 990 schedules that are most often required of not-for-profit organizations
  • Recognize whether your organization needs to file schedules they may currently be neglecting
  • Identify methods to put your organization’s “best foot forward” when completing Form 990 schedules
Category: Concurrent Session Onsite and Online

Do You Really Know Who's In Your Financial Reporting Entity?

Oct 27, 2021 6:00am ‐ Oct 27, 2021 6:50am

Identification: GOV2131

This session will focus on the financial reporting entity and allow attendees to:

  • Understand the impact of recent GASB standards on the component unit determination
  • Review some unique situations that will make you question what you know
  • Learn what questions auditors should be asking in light of GASB changes and the SLG Affiliates rule
Learning Objectives:
  • Discuss and enhance understanding of the financial reporting entity
  • Identify organizations that should be evaluated for inclusion within the reporting entity
Category: Concurrent Session Onsite and Online

Top 10 Things You Should Ensure Your NFP has Covered

Oct 27, 2021 6:00am ‐ Oct 27, 2021 6:50am

Identification: GOV2132

With all the pressing matters of the past 18 months, your organization may be running on auto-pilot for tax matters. Many organizations do not take the time to do "Spring Cleaning" annually. Let's look at ten issues all organizations should consider, including those related to COVID, and use this as an annual checklist of tax topics to be assessed.

Learning Objectives:
  • Recognize how your organization is handling critical tax matters
  • Discuss and develop strategies to raise your "tax assessment" score
Category: Concurrent Session Onsite and Online

I have something to report: Key audit finding elements

Oct 27, 2021 6:00am ‐ Oct 27, 2021 6:50am

Identification: GOV2133

This session will identify the key audit finding elements once an exception or deviation has resulted in a reportable finding. We will explore how to properly classify, report, and communicate findings in accordance with requirements.
Learning Objectives:
  • Identify how to report a finding under Uniform Guidance and Government Auditing Standards
  • Determine how to evaluate, classify, document and report single audit findings
  • Recognize how to avoid common reporting errors when encountering single audit findings
Category: Concurrent Session Onsite and Online

COVID Relief (Tax Compliance)

Oct 27, 2021 7:10am ‐ Oct 27, 2021 8:50am

Identification: GOV2135

2020 and 2021 have brought numerous opportunities for NFPs to receive federal assistance by means of credits, grants, loans, deductions, and filing extensions. However, along with these opportunities have come many challenges. This session will survey many of the programs that NFPs have available to them such as PPP, ERC, HEERF, EIDL and tips and nuances regarding the technical reporting requirements that must be adhered to.

Learning Objectives:
  • Identify the nuances of the various 2020 and 2021 assistance programs
  • Determine what reporting your organization is required to comply with
Category: Concurrent Session Onsite and Online

COVID-19 Relief Grants: Federal Compliance Round-up

Oct 27, 2021 7:10am ‐ Oct 27, 2021 8:50am

Identification: GOV2136

The Federal government has established a number of COVID-19 relief grants, each with its own unique requirements. This session will provide an overview of some of the largest programs of the CARES Act (Coronavirus Relief Fund, Provider Relief Fund, Educational Stabilization Fund), the Consolidated Appropriations Act, and the American Rescue Plan Act. Topics covered will include applicable compliance requirements and suggested audit procedures from the OMB Compliance Supplement.
Learning Objectives:
  • Identify the applicable compliance requirements for some of the largest COVID-19 relief grants
  • Indicate how to develop audit procedures to address relevant risks of noncompliance
Category: Concurrent Session Onsite and Online

Is GASB 87 Jamming the Copier Lease? & Other Lease Implementation Questions

Oct 27, 2021 9:10am ‐ Oct 27, 2021 10:25am

Identification: GOV2137

As governments and auditors prepare for implementation of the new lease accounting and financial reporting standard we will focus on real life examples and practical implementation issues including:

  • Discussion of challenges faced by lessees and lessors as early implementation is underway
  • Review of helpful implementation guide Q&As to assist with the understanding of the guidance
  • When auditing leases, where might you spend your time or focus
Learning Objectives:
  • Analyze examples to consider during implementation
  • Identify useful implementation guide question and answers
Category: Concurrent Session Onsite and Online

Living Your Best Digital Life: New Technology, Digital Assets & Cyber Risks

Oct 27, 2021 9:10am ‐ Oct 27, 2021 10:25am

Identification: GOV2138

Technology is rapidly changing and organizations are having to make significant investments to keep up pace. We will discuss new technologies impacting not-for-profits, governmental organizations, and their CPAs. New technologies like the rising presence of digital assets and blockchain have also created new opportunities to accomplish your mission, make investments, as well as fundraise. We will also cover relevant cyber risks and common gaps organizations can identify and address.

Learning Objectives:
  • Discover important considerations, audit risks, and tax risks before diving in with digital assets and blockchain.
  • Determine where your most significant cyber threats lie and how to protect yourself.
  • Identify the changing technology landscape helping remote workers thrive.
Category: Concurrent Session Onsite and Online

Kit and Caboodle: OMB Compliance Supplement and Compliance Requirements

Oct 27, 2021 9:10am ‐ Oct 27, 2021 10:25am

Identification: GOV2139

Join us to explore the entirety of the OMB Compliance Supplement and understand not only how all the main parts fit together, but what can be found in the nooks and crannies of the appendices. Take a deep dive into each of the 12 compliance requirements. Discussions will include the intent of each, why it is important, and how to develop tests of compliance.

Learning Objectives:
  • Identify the various parts of the compliance supplement and how they must be used together.
  • Recognize the available information and how this information can assist in your single audit work.
  • Recognize the compliance requirements and form an appropriate audit plan.
Category: Concurrent Session Onsite and Online