2022 AICPA & CIMA Not-for-Profit Industry Conference

Jun 13, 2022 ‐ Jun 15, 2022

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This includes sessions from the conference: 2022 AICPA & CIMA Not-for-Profit Industry Conference

Sessions Included:

Common Financial Statement Errors (Jun 13, 2022 01:40 PM)

Single Audit Update (Jun 13, 2022 01:40 PM)

Legal Updates/Reaction from Treasury & Hill Update (Jun 13, 2022 01:40 PM)

Building Culture Intentionally and Leading in a Hybrid World (Jun 13, 2022 01:40 PM)

Automate, then Celebrate! (Jun 13, 2022 01:40 PM)

In-Kind Contributions: A Refresher on Accounting (Jun 13, 2022 04:30 PM)

Post-Federal Award Requirements of Uniform Guidance: How to be Prepared (and Compliant) to Administer Federal Funding (Jun 13, 2022 04:30 PM)

Unraveling the Mysteries of the Schedule A Public Support Tests (Jun 13, 2022 04:30 PM)

Mitigate Don't Litigate (Jun 13, 2022 04:30 PM)

In The Know: Remote Workforce (Jun 15, 2022 10:45 AM)

Leases (FASB ASU 2016-02) Overview (Jun 13, 2022 03:10 PM)

Indirect Expenses for Auditees (Jun 13, 2022 03:10 PM)

COVID-19 Relief Update / ERC (Jun 13, 2022 03:10 PM)

Good Data! (Jun 13, 2022 03:10 PM)

When the Accounting is Good, the Audit is Easy (Sponsored by Your Part-Time Controller, LLC) (Jun 14, 2022 09:30 AM)

SOS for Software Solutions (Sponsored by CLA) (Jun 14, 2022 09:30 AM)

Does Google Think You’re Sexy? The Cost of Having a Bad Reputation (Sponsored by GRF CPAs & Advisors) (Jun 14, 2022 09:30 AM)

Attracting, Developing and Retaining Talent During the Turnover Tsunami (Jun 14, 2022 09:30 AM)

Turning the Corner on COVID: Leadership Strategies for Nonprofit Success (Sponsored by Marcum LLP) (Jun 14, 2022 09:30 AM)

Leases (FASB ASU 2016-02) Deep Dive with Case Studies (Jun 14, 2022 10:35 AM)

Cost Principles of Subpart E of Uniform Guidance: How to Avoid Questioned Costs (Jun 14, 2022 10:35 AM)

The Board Room (Jun 14, 2022 02:35 PM)

Getting it Right: Understanding the New Audit Reporting SAS and Common Reporting Issues (Jun 14, 2022 10:35 AM)

Auditing Standards Board Update (Jun 14, 2022 01:05 PM)

What is a Program Specific Audit and How is it Different From a Single Audit? (Jun 14, 2022 01:05 PM)

AI and Automation: How Non-Profits are Using Advanced Technology to Advance their Cause (Jun 14, 2022 01:05 PM)

Functional Expense Reporting for Nonprofits: GAAP + Tax (Jun 14, 2022 01:05 PM)

Not-for-Profit Industry Developments (Jun 14, 2022 02:35 PM)

Auditing Challenging SEFAs (Jun 14, 2022 02:35 PM)

501(c)(3) Not for Me? Exploring Noncharitable Tax-Exempt Entities (Jun 14, 2022 04:20 PM)

Not If But When (Cybersecurity) (Jun 15, 2022 09:30 AM)

Socially Responsible and ESG Compliant Investing (Jun 14, 2022 02:35 PM)

2018-08 Contribution and Contract Revenue Recognition: Lessons Learned, Items Missed & Common Issues (Jun 14, 2022 04:20 PM)

The Block & Tackle of Major Program Determination (Jun 14, 2022 04:20 PM)

Schedule B and Schedule M (Jun 14, 2022 02:35 PM)

DEIB in Everything We Do (Jun 14, 2022 04:20 PM)

Internal Controls for Small to Mid-Size NFPs (Jun 14, 2022 04:20 PM)

Raising Funds to Drive Impact: Reimagine the Journey of a Dollar in Your Organization (Sponsored by Blackbaud) (Jun 15, 2022 09:30 AM)

Navigating the Maze: A Road Map to Charitable Fundraising Compliance (Sponsored by Perlman & Perlman, LLP) (Jun 15, 2022 09:30 AM)

Revenue Enhancement and Cost Reduction Strategies in Inflationary Times (Sponsored by Protiviti) (Jun 15, 2022 09:30 AM)

Managing An Endowment Portfolio Through Challenging Times – Global Perspective on Economic and Capital Markets Going Forward (Sponsored by Bank of America Merrill) (Jun 14, 2022 10:35 AM)

Elevating Your Nonprofit's Story with Data and Performance Metrics (Sponsored by Sage Intacct) (Jun 15, 2022 09:30 AM)

Frauds We Have Known and Not Loved: An Examination of Frauds at Organizations That Thought They Were Too Small for it to Happen (Jun 15, 2022 10:45 AM)

Single Audit Sampling is Here to Stay: A Refresher (Jun 15, 2022 10:45 AM)

Form 990-T: Recent Lessons Learned (Jun 15, 2022 10:45 AM)

Healthcare Revenue and Provider Relief Funds Overview (Jun 15, 2022 10:45 AM)

Obtaining Audit Evidence in a Remote Environment (Jun 15, 2022 01:15 PM)

What are the Auditor and Auditee Responsibilities in a Single Audit? (Jun 15, 2022 01:15 PM)

Hospitals and the 501(r) (Jun 15, 2022 01:15 PM)

Top 6.5 Challenges Facing Not-For-Profit Organizations (Jun 15, 2022 01:15 PM)

Reviewing Form 990 (compare to FS) The Battle Royale: GAAP v. Form 990 Reporting (Jun 15, 2022 01:15 PM)

Does CECL (FASB ASU 2016-13) Apply to NFPs? (Jun 15, 2022 02:45 PM)

Auditing Programs Not in the Supplement Using Part 7 (Jun 15, 2022 02:45 PM)

Dealing with the IRS: Resolving Issues in the Post-Pandemic Environment (Jun 15, 2022 02:45 PM)

Which One Should I Choose? (Cost Allocation Methods) (Jun 15, 2022 03:50 PM)

Embracing the Power of AI in Your Assurance Engagements (Jun 15, 2022 02:45 PM)

A&A Ask the Experts (Jun 15, 2022 03:50 PM)

Single Audit Lightning Round (Jun 15, 2022 03:50 PM)

Form 990 Q&A (Jun 15, 2022 03:50 PM)

Sounds Like a Plan (Jun 15, 2022 02:45 PM)

Education Lab: Driving Nonprofit Financial Efficiency with Paperless Automation (Sponsored by Sage Intacct) (Jun 13, 2022 04:05 PM)

Education Lab: Fraud Fighters: Be a Superhero for Your Organization (Sponsored by Community Brands) (Jun 14, 2022 03:55 PM)

Education Lab: Leveraging Diversity & Inclusion to Improve Financial Wellness Programs in Retirement Plans (Sponsored by Bank of America Merrill) (Jun 13, 2022 04:05 PM)

TECH Demo: Donor-Advised Fund Platform: Invest in your Mission (Sponsored by PNC Institutional Asset Management) (Jun 14, 2022 03:55 PM)

Standard: $459.00


Introduction to NFP Revenue Recognition: Case Studies - Which Standard Applies?

Jun 2, 2022 10:00am ‐ Jun 2, 2022 11:40am

Identification: NOT22101

The workshop will start with determining which GAAP to apply (exchange, contribution, other), timing and amounts of revenue recognition, and classification as unrestricted or donor-restricted for contributions and timing and amounts of release of restriction. This session will walk through multiple case studies in applying GAAP to various funding arrangements.

Learning Objectives:
  • Identify the accounting treatment for various funding arrangements.
  • Recognize how to consider the type of contribution received.
Chair(s): Speaker(s):
Tags: A and A
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

What's the Score? (Effective Dashboard Reporting.)

Jun 2, 2022 10:00am ‐ Jun 2, 2022 11:40am

Identification: NOT22102

Dashboard reports have gained popularity, as organizations strive to provide quick, easy to interpret information customized for different audiences. Effective use of dashboards and KPIs keeps your not-for-profit's key stakeholders informed and alerted to items requiring attention. In this session, we will showcase sample dashboards used by organizations, as well as provide attendees with dashboard templates that can be customized.

Learning Objectives:
  • Analyze steps to determining what to include in your organization's dashboard reporting.
  • Identify how to customize dashboards for different audiences and stakeholders.
  • Determine tools used to create effective dashboards.
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

Advanced Giving Tools: Split Interest Agreements, Trusts, Donor Advised Funds, and More!

Jun 2, 2022 12:00pm ‐ Jun 2, 2022 1:40pm

Identification: NOT22103

In this workshop we will explore complex contribution accounting topics including Split Interest Agreements, Trusts, and Donor Advised Funds. We will discuss the complexities and calculations required for these agreements and the accounting and ongoing tracking required.

Learning Objectives:
  • Assess complex contribution situations
  • Evaluate how to account for complex donor agreements
Tags: A and A
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

Are You Addressing the Right Risks in Cybersecurity?

Jun 2, 2022 12:00pm ‐ Jun 2, 2022 1:40pm

Identification: NOT22104

A risk assessment is the foundation of an information security and cybersecurity program. Additionally, it is also a requirement of the Gramm-Leach-Bliley Act (GLBA). We will provide a risk assessment template to help participants identify risk and adequately evaluate their current controls. This process will help ensure management is addressing the right risk with the correct controls. This workshop will be using real world examples provided by a current CIO in the Higher Education Community and a long time Information Security Officer turned IT Auditor. Users will leave the workshop with a greater knowledge of what to look for and a checklist of high risk items to evaluate their own organizations.

Learning Objectives:
  • Determine IT risk and implementing establishing controls to remediate that risk, and submitting to stakeholders for their approval
  • Identify the process from risk detection through enforcing risk reducing controls in policy in accordance with the GLBA
  • Distinguish the importance of data classification to the risk assessment process.
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

Addressing Risk and Internal Control in a Single Audit

Jun 2, 2022 2:00pm ‐ Jun 2, 2022 3:40pm

Identification: NOT22105

In this workshop participants will learn about addressing risk and internal control in a single audit. Presenters will focus on the internal control requirements of the Uniform Guidance, AICPA, and Yellow  Book. Finally, presenters will review the process of identifying effective internal control over compliance and how the auditor decides whether a control is designed and implemented effectively.

Learning Objectives:
  • Identify the requirements of UG related to understanding and documenting internal controls over compliance;
  • Analyze the fundamental understanding with a step by step approach to documenting internal controls in a single audit;
  • Determine whether controls have been placed into operation and are operating effectively.
Tags: Yellow Book
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

Charitable Giving, Structuring New Entities - Donations, Deductions, Limitations, etc.

Jun 2, 2022 2:00pm ‐ Jun 2, 2022 3:40pm

Identification: NOT22106

Charitable giving is a dynamic topic that impacts donors and nonprofit organizations alike. Everyone can benefit by creating charitable giving plans and finding ways to maximize the tax benefits. In this workshop, learn about different charitable giving vehicles, including the use of program-related investments by private foundations, private operating foundations, donor-advised funds, and others, and the benefits and drawbacks of each. We will discuss nonprofit organizational structures and charitable giving trusts, and the types of assets that can (but sometimes shouldn't) be contributed to each.

Learning Objectives:
  • Analyze the benefits and drawbacks of charitable giving vehicles, including charities, foundations, and charitable trusts
  • Compare alternatives to setting up your nonprofit organization such as donor advised funds and community foundations;
  • Determine charitable giving thresholds and limitations for cash as well as various types of assets
  • Ofer Lion, Co-Chair of ABA Section of Taxation, Subcommittee on UBIT, Partner, Seyfarth Shaw LLP
  • Chérie Williams, CPA, Tax Manager, Moss Adams
Tags: TAX
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

I Have Something to Report: Key Audit Finding Elements

Jun 2, 2022 4:00pm ‐ Jun 2, 2022 5:40pm

Identification: NOT22107

This workshop 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
  • Analyze how to avoid common reporting errors when encountering single audit findings
Tags: Yellow Book
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

Basic UBI & 990-T iconBasic UBI & 990-T

Preview Available

Basic UBI & 990-T

Jun 2, 2022 4:00pm ‐ Jun 2, 2022 5:40pm

Identification: NOT22108

This workshop will revisit unrelated business income in light of evolving TCJA guidance. We will walk through the assessment of UBI, exploring its rules, exclusions and exceptions, and dive into the most common types of UBI, including advertising/qualifying sponsorship, rental income, debt financed income and alternative investments. We will also review the recently updated Form 990-T and explore the basics of the reporting requirements for UBI silos.

Learning Objectives:
  • Recall the definition of an unrelated business activity and the various exclusions and exceptions
  • Identify the updated Form 990-T
  • Recall the basics of reporting and tracking net operating losses
  • Analyze common unrelated business income activities reported by nonprofits, including rental, debt financed income and advertising
Tags: TAX
Category: Pre-Conference Optional Workshop Additional Fee
Standard: $79.00

Common Financial Statement Errors

Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm

Identification: NOT2204

Learn how, with a little extra planning and preparation, you can avoid common errors that not-for-profits make in their financial statements. In this session, we will explore some of the most common, material errors encountered in not-for-profit financial statements and what you can do to avoid those common errors.

Learning Objectives:
  • Identify the most common errors found in not-for-profit financial statements
  • Determine the impact errors could have on not-for-profit financial statements
Tags: A and A
Category: Concurrent Session Onsite and Online
Standard: $49.00

Single Audit Update iconSingle Audit Update

Preview Available

Single Audit Update

Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm

Identification: NOT2205

The last year has been one of the more challenging ever for single audits due to the significant influx of federal funding resulting from the COVID-19 pandemic. There will be many of the same types of challenges to address in the coming year. This session will provide an overview of what is happening in the single audit arena. You will learn about:

COVID-19 funding nuances and related single audit implications;

Key information in the OMB Compliance Supplement;

The latest Uniform Guidance and single audit developments;

News from the Governmental Audit Quality Center; and

The single audit landscape looking forward.

Learning Objectives:
  • Recognize the impact of COVID-19 funding on single audits
  • Determine the latest OMB Compliance Supplement includes
  • Apply the latest Uniform Guidance and other single audit developments.
Tags: Yellow Book
Category: Concurrent Session Onsite and Online
Standard: $49.00