This workshop is not available as part of the Online or Flex Pass registration options. This workshop covers an in-depth analysis of the Form 990 by two noted experts. Due to the interactive nature of this workshop, bring your specific Form 990 questions to get answers. Attendees should bring an actual Form 990 with them to the session. And really, come prepared with questions!

Learning objectives:

1. Identify Form 990 hot button issues from an IRS perspective.
2. Apply Form 990 theory and rules to prepare a Form 990 with a minimum of 'red flags'.
3. Receive input regarding the Form 990 for your particular organization.

This workshop is not available as part of the Online or Flex Pass registration options. If you've never done a single audit or have limited experience, get the most out of the main conference single audit track by attending this workshop. This workshop will provide an in-depth perspective for auditors on the requirements of the Uniform Guidance. We will cover the basics of a single audit, from determining when a single audit applies and program selection to program testing and reporting.

Learning objectives:

1. Identify theory and actionable take-aways to plan single audits.
2. Select federal programs to test.
3. Recall a testing strategy report on audit results.

Update on changes to independence standards including Yellow Book and SLG affiliates. Emphasize practical aspects of independence requirements for practitioners. 

Learning Objectives: 

• Recognize new changes to AICPA and GAGAS independence standards.
• Apply independence evaluations when performing audits. 
• Identify threats and apply safeguards when evaluating independence.

Nonprofits are turning to the internet and virtual relationships as fundraising channels to develop new sources of revenue. Funding opportunities include using established online fundraising sites, allowing organizational friends to leverage social media sites to fundraise on behalf of the organization, entering into commercial co-venture arrangements, and specific cause related marketing activities. These special fundraising vehicles and activities come with unique risks and rewards.

After this session, you will be able to:

• Recall different fundraising options, and discuss why advanced fundraising techniques may have advantages over traditional methods
• Indicate potential risks and rewards after a discussion of select nonprofits’ experiences with online fundraising
• Recall internal control considerations for implementation when utilizing online tools
• Identify additional federal and state tax reporting requirements which may be triggered depending upon the activity and medium utilized.

Attend this session whether you audit both GASB and FASB entities or your job only involves aspects of one. The key differences between GASB & FASB will be highlighted in order for you to be on top of your game when auditing these entities.

Learning Objectives:

• Recognize the benefit of separate accounting and financial reporting standards.
• Differentiate between key terminology.
• Compare and contrast the guidance related to key areas.

This session will provide participants with the latest news and information on performing single audits including: the OMB Compliance Supplement, Uniform Guidance developments, quality update, and other Governmental Audit Quality Center activities.

Learning Objectives:

1. Recall new developments in performing single audits.
2. Identify audit areas that have quality issues.

Preparers, do you have a detailed plan to implement the new not-for-profit financial reporting standards? And auditors, are you and your not-for-profit clients ready? Industry experts will walk through the conversion of a not-for-profit’s financial statements and notes to ensure an efficient and effective implementation of FASB ASU 2016-14. You will learn how to overcome the most difficult challenges stemming from this new standard, through sample policies, examples of various board-designation actions, tips on liquidity management, and some expense allocation methodologies that will help not-for-profits satisfy the new requirements. The presentation will include a detailed implementation tool you can use either in your own entity or to assist your clients.

Learning Objectives:

• Identify the most significant and complex challenges in adopting FASB’s new financial statement standard.
• Determine policies, procedures, and systems that should be in place as a result of the standard. 
• Identify implementation techniques that could assist in converting a not-for-profit’s financial statements and footnotes to the new standard.
  

The new revenue recognition standard could potentially have a significant impact on not-for-profits. This session will provide background on the new standard and how it will impact exempt organizations. Speakers will use real-life examples to make the standard tangible.

Learning Objectives:

1. Analyze the nonprofit-specific impact of the newly issued revenue recognition standard, including the updated changes relating to grants and contracts. 
2. Determine implementation issues applicable to exempt organizations.
3. Determine how to implement the standard.

As cybersecurity threats continue to multiply, it is paramount that auditors expand their understanding and expertise in the area of cybersecurity. Auditors at every level must be able to do some level of work pertaining to cybersecurity and IT controls. This session will provide training for procedures commonly found in updated IT controls checklists. Topics will include general controls and application controls, highlighting the related risks and controls that should be present to mitigate risks.

Learning Objectives:

1. Select general and application controls that should be present in organizations undergoing financial statement audits. 
2. Analyze how the general and application controls mitigate cybersecurity risks.
3. Apply session take-aways to interviews performed in determining the existence and operation of key controls.

The Uniform Guidance procurement rules and guidelines are voluminous and have many challenging areas. This session will go over the current procurement rules and guidelines as well as updates to several of the procurement method thresholds. We will use real-life scenarios to show implementation of the standards, including challenges and advice for navigating the implementation. We will discuss OMB’s suggested approach to testing procurement under the Uniform Guidance and what audit teams need to know to prepare themselves to audit the Uniform Guidance procurement standards.

Learning Objectives:

1. Identify the Uniform Guidance procurement standards and up-to-date changes to the procurement thresholds.
2. Recall OMB's suggested approach to auditing the new Uniform Guidance Procurement.