• (1) Apply today's top operational threats to nonprofits
• (2) Apply session information to inform decisions on commercial insurance and related services

Don't miss this informative and easy-to-follow session about the ten things you should know about internal controls. Audit professionals will cover internal audit basics to help your financial team.

Learn how to:

• Assess the state of controls at your organization
• Create useful financial reporting
• Document policies and procedures
• Determine next steps upon receiving a management letter
• Recognize the most common deficiencies

• 1) Apply practical applications of various NFP related FASB standards
• 2) Determine example disclosures

• 1) Participants will come away with key risk areas contributing to in-country tax exposure.
• 2) Participants will gain insights into reporting foreign activities on the Form 990, including Schedule F.

In this session, we will explore the reporting requirements under the Single Audit Act from both the auditee and auditor perspective. We will discuss how to present findings with the appropriate context to assist Federal agencies in assessing the impact on the program and the steps management is taking to correct the issue. We will discuss any new changes or things that we have seen in practice that cause challenges for organizations and auditors.

• 1) Learn about current reporting requirements under the Single Audit Act
• 2) Discuss best practices for reporting findings
• 3) Explore challenges to reporting under the Single Audit Act we see in practice and discuss ways to address these challenges

• Identify the more common financial reporting deficiencies and effective strategies to prevent them
• Learn about common peer review findings from a financial reporting perspective and how such deficiencies can impact users of financial statements view of an organization's financial position and performance

This session will provide an update on the latest auditing standards board standard-setting activities including the proposed new auditor's report model, new projects on risk assessment and estimates, and audit evidence with a particular focus on the impact of new technologies such as blockchain, and data analytic techniques.

Recognize:

• (1) the impact of recently adopted or effective audit and attest standards and guidance
• (2) the objectives and timing of proposed new standards.

Tax reform impacts Forms 990 and 990-T even though the IRS budget didn't allow 2017 revisions. We must not only study new code, but also interpret how changes should be reported. Organizations may need to implement systems for collecting data. This session will discuss changes to the law and how practitioners can assist clients to collect appropriate information whether or not the forms change for 2018.

• Learn how changes in the tax law and other regulatory changes may affect tax reporting for exempt organizations.
• Learn about other regulatory changes regarding donor advised funds, partnership audit regulations and whatever else is proposed by the Treasury Department.

This session will cover issues impacting small organzations and practiioners on the Form 990.

• Discern tips and traps in Form 990 filing that should be of concern to your organization.
• Identify areas where other, like organizations and/or practitioners need guidance in Form 990 preparation.

• Interpret advanced single audit topics
• Evaluate areas that often cause confusion among experienced auditors in a single audit