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The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

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Thursday

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.



Objectives:
  • Identify the accounting treatment for various funding arrangements.
  • Recognize how to consider the type of contribution received.
Thursday
10:00am - 11:40am EDT - June 2, 2022
Track: CGMA/Specialized Knowledge
Total Minutes: 100

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.



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.
Thursday

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.



Objectives:
  • Assess complex contribution situations
  • Evaluate how to account for complex donor agreements
Thursday
12:00pm - 01:40pm EDT - June 2, 2022
Track: CGMA/Specialized Knowledge
Total Minutes: 100

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.



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.
Thursday
02:00pm - 03:40pm EDT - June 2, 2022
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 100

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.



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.
Thursday

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.



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
Thursday
04:00pm - 05:40pm EDT - June 2, 2022
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 100

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.



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
Thursday
04:00pm - 05:40pm EDT - June 2, 2022
Track: Tax
Tags: TAX
Total Minutes: 100

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.



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
10:45am - 12:25pm EDT - June 13, 2022

Monday

Come to this important session to gain insight into current EO-related developments including tax reform guidance, updates related to legislative guidance, the results of the election and EO-related guidance projects.



Objectives:
  • Understand the current EO-related developments from IRS and Treasury
  • Evaluate the prospects of tax reform
  • Understand regulatory guidance and
  • Identify legislative initiatives and current activity in Congress
01:40pm - 02:55pm EDT - June 13, 2022

Monday
01:40pm - 02:55pm EDT - June 13, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

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.



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
Monday
01:40pm - 02:55pm EDT - June 13, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

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.



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.
Monday

This session will provide an update and insights on legal developments during the past year that impact tax-exempt organizations. Presenters’ will react and comment on information covered in the previous session (by IRS and Treasury representatives) in order to help attendees understand and assess how IRS and Treasury priorities and initiatives may affect the tax-exempt sector.



Objectives:
  • Recognize the important legal and tax issues that impact a tax-exempt organization.
  • Identify questions and concerns that arise from recent EO-related developments
  • Analyze the IRS’s and Treasury initiatives on the tax-exempt sector and your organization.
Monday
01:40pm - 02:55pm EDT - June 13, 2022 | Room: National Harbor 4&5
Track: CGMA/Specialized Knowledge
Total Minutes: 75

Our lives were upended due to the global pandemic that shut down businesses and rocked our worlds in ways we’d never have been able to anticipate. Millions of people lost their jobs and women exited the workforce in droves. The accounting, finance and not-for-profit industries were not spared - in fact, it’s harder than ever to attract and retain talent. Yet, some companies thrived beyond their wildest dreams. What was the reason that some companies were able to thrive and grow, while others languished? And, during the unprecedented “Great Resignation” of 2021, why are some employers able to attract and retain talent?

In this engaging and interactive discussion, join Shaara Roman, entrepreneur, board member, former CHRO and founder of boutique consultancy, The Silverene Group to learn about building culture intentionally in a hybrid world.



Objectives:
  • Distinguish why you have to be intentional about building culture.
  • Identify what culture is – and what it isn’t.
  • Use specific strategies and tactics to build organizational culture in a hybrid world.
Monday
01:40pm - 02:55pm EDT - June 13, 2022 | Room: National Harbor 2&3
Track: CGMA/Specialized Knowledge
Total Minutes: 75



Technology impacts us in so many ways. When integrated correctly into our work, it can create greater efficiency and enhance the quality of service we provide. Join two not-for-profit financial professionals to understand how technology and automation can support your organization’s work.



Objectives:
  • Analyze methodologies and options that support the successful automation of critical processes.
  • Identify which technologies can enhance quality of service.
  • Determine where to begin automation and how to scale for the future.
03:10pm - 04:00pm EDT - June 13, 2022

Monday
03:10pm - 04:00pm EDT - June 13, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 50

This session will provide an overview of the new lease accounting standard. It will describe the new requirements of the standard as well as practical expedients that exist. A deeper dive into lease accounting will be available in a second session, Leases deep dive.



Objectives:
  • Identify and discuss the key requirements of the new lease accounting standard.
  • Recognize the impact of the new lease accounting standard.
Monday
03:10pm - 04:00pm EDT - June 13, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 50

Many institutions must engage in the process of negotiating federal indirect cost rates and non-profits face unique challenges in preparing and negotiating indirect rates. As we go through this process, many of us often wonder if we've done everything within the constraints of the Uniform Guidance (2 CFR Part 200) to maximize our institution's negotiated rate and resulting indirect cost reimbursement. In this session we will present numerous strategies which may be employed to maximize indirect cost recovery, both in the preparation of your indirect cost rate filing, as well as during the subsequent rate negotiation. This will be an interactive session and we will discuss the types of indirect costs that are sometimes overlooked and discuss recent government trends in rate negotiations.



Objectives:
  • Determine techniques which may assist in providing enhanced indirect cost recovery in preparing your proposals and negotiating with the government
  • Differentiate the types of rates and impact on recovery and risk
  • Identify some typical indirect costs that are often overlooked and treated incorrectly in the preparation of rate proposals
Monday
03:10pm - 04:00pm EDT - June 13, 2022 | Room: Potomac D
Track: Tax
Tags: TAX
Total Minutes: 50

It's not too late for taxpayers, including not-for-profit entities, to claim the Employee Retention Tax Credit (ERTC) for 2020 and 2021. Potential refunds of up to $5,000 per eligible employee for 2020 and $7,000 per quarter per eligible employee for 2021 could be achieved. We will also look at other COVID-19 relief programs that can be beneficial to your organization or clients.



Objectives:
  • Analyze the ERTC calculation in depth including the special definition of gross receipts for not-for-profit entities.
  • Recall troublesome ERTC rules and PPP loan forgiveness nuances.
  • Recognize the latest ERTC guidance and how it may impact your organization.
Monday
03:10pm - 04:00pm EDT - June 13, 2022 | Room: National Harbor 2&3
Track: CGMA/Specialized Knowledge
Total Minutes: 50

Data is an organizational asset whose value and health should be optimized. If data is of poor quality, why bother using it? Join two not-for-profit financial professionals for this interactive discussion regarding the importance of data quality and governance.



Objectives:
  • Calculate based on business needs how to prioritize data requirements
  • Determine how to ensure good data quality through data governance and the correct combination of people, process, and technology
  • Identify ways to improve and sustain good data quality
04:05pm - 04:25pm EDT - June 13, 2022

Monday

As good stewards of donor dollars, nonprofit finance leaders are always looking for ways to streamline operations so resources can be used to achieve mission success. In many cases old technology and inefficient, manual and paper-based process become barriers to this success.

Automating financials with modern technology and making the move to a paperless office has enabled the Atlanta Convention & Visitors Bureau to reduced AP and payroll workloads by 70% and 90%, respectively.

What would be the impact to your mission if you dramatically improved financial efficiency and visibility with paperless automation?


Monday

Financial Wellness is a life journey and we are now seeing the impact of Financial Wellness play out along ethnicity, race, sexual orientation and geography, as well as where the person falls on the financial spectrum. By incorporating Diversity & Inclusion data into your Financial Wellness programs for employees you can be sure to provide a more holistic benefit that meets the needs of more employees and helping you attract and retain better talent (the better your benefits, the more you care for your employees), allowing all to meet their definition of Financial Independence!


04:30pm - 05:45pm EDT - June 13, 2022

Monday
04:30pm - 05:45pm EDT - June 13, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

With the issuance of FASB ASU 2020-07, there is an increased focus on the reporting of in-kind contributions. This session will focus on the accounting and valuation concepts surrounding in-kind contributions, so you can ensure that your organization has properly reported these sometimes complicated contributions properly.



Objectives:
  • Identify situations requiring in-kind contributions be reported
  • Analyze in-kind contributions properly
  • Determine the accounting treatment for in-kind contributions.
  • Analyze to ensure proper disclosures are included
Monday

Due to the trillions of dollars flowing into the economy from COVID-19 related legislation, many NFPs are now facing a challenge of having to administer federal grants in accordance with applicable regulations. This session will discuss the post-federal award requirements of 2 CFR 200 (Uniform Guidance) as to systems and controls that should be in place to avoid non-compliance with the applicable regulations.



Objectives:
  • Determine the main concepts of the administrative requirements of Uniform Guidance
  • Identify efforts to develop policies and procedures (internal controls) over the administrative requirements to be able to effectively administer federal awards and be prepared come audit time
Monday
04:30pm - 05:45pm EDT - June 13, 2022 | Room: Potomac D
Track: Tax
Tags: TAX
Total Minutes: 75

Deep dive into the various Schedule A public support tests, focusing on the first four Parts of Schedule A,; more specifically covering some of the "per se" publicly supported entity types referenced in Part I, the calculation of the Part II and III public support ratios, the different Types of supporting organizations referenced in Part IV, and tips and tricks for maintaining public charity status.



Objectives:
  • Identify filing issues that are faced by public charities.
  • Analyze different alternatives to protect public support status and common missteps that can occur.
Monday
04:30pm - 05:45pm EDT - June 13, 2022 | Room: National Harbor 4&5
Track: CGMA/Specialized Knowledge
Total Minutes: 75

Three risk experts lead a discussion on how risk mitigation strategies can protect your not-for-profit organization.



Objectives:
  • Identify emergent threats to nonprofit organizations
  • Analyze complementary risk management strategies that can reduce total cost of risk
  • Compare participant experiences and best practices
  • Distinguish how to use commercial risk transfer optimally
09:30am - 10:20am EDT - June 14, 2022

Tuesday
09:30am - 10:20am EDT - June 14, 2022 | Room: Potomac A
Track: CGMA/Specialized Knowledge
Total Minutes: 50

The number one priority – talent! With the ‘great resignation’, new ways of working and a re-set of aspirations, the availability of skilled finance personnel is now a top priority for finance leaders. As a result, leading finance organizations are investing more in finance upskilling and reskilling. One clear result of the Covid-19 pandemic has been the rapid acceleration of the digital transformation of our economy. Accompanying this digital transformation is an acceleration of changes to the critical skills, capabilities and mindsets that businesses need from their finance function. It is therefore vital to develop a strategic and sustainable approach to acquiring, developing and retaining a diverse pool of accounting and finance talent. In this session, the panel will speak to how they have reset and evolved their approach to talent development and upskilling. And how organizations have used models such as the CGMA Competency Framework to develop finance capability and talent needed to drive changes to their digital business and operating model.



Objectives:
  • Analyze how the panellists have created a finance vision and how it is adding value.
  • Identify how the panellists has worked with a set of competencies to translate this vision into clear functional and development goals.
  • Distinguish how the panellists has been able to measure investment in competencies and skills against its finance vision and principles
  • Determine a strategy for creating a vision and developing emerging competencies needed in your organization.
Tuesday

What are this year's key considerations when preparing for your organization's annual financial statement audit? Carole and Jennifer will provide accounting and auditor perspectives to help ensure your organization has a smooth and painless audit.



Objectives:
  • Determine best practices for preparing for an annual audit
  • Analyze key considerations when accounting for revenue recognition and updated in-kind contributions guidance
  • Identify policies and procedures that should be implemented or revisited
Tuesday
09:30am - 10:20am EDT - June 14, 2022 | Room: Potomac D
Total Minutes: 50

Develop the know-how, tools and plans for system optimization and selection (SOS) related to your operational and financial management software needs. Successful system selection begins with a thoughtful, comprehensive approach to identifying your prioritized user requirements, well defined goals, and the inclusion of all organization stakeholders.  During this session, we will outline the major steps required to accurately select a new software system, or optimize your current application environment.



Objectives:
  • Analyze how nonprofits can use technology to push their mission forward.
  • Determine concrete steps for assessing and selecting software solutions for their organization
  • Identify expected resource demands and timelines for implementation of a new or replacement software solution
Tuesday

Has your website domain been blacklisted without your knowledge? Are visitors not coming to your site because it’s flagged as unsafe? Are your donor lists being shared on the dark web? Learn the best practices for monitoring and protecting your organization’s most valuable asset: your reputation. Understanding your reputation risk goes way beyond just googling your company name. In this session, we will cover the many ways your online reputation can be compromised and offer recommended tools available for monitoring these risks. We will also discuss remediation steps for addressing any issues uncovered.



Objectives:
  • Identify best practices for managing your online reputation
  • Analyze recommended tools for monitoring reputation risk and how to remedy issues identified
  • Calculate how reputation risk fits into an ongoing cybersecurity program
Tuesday

Change is constant and often comes at a rapid pace. An unpredictable crisis, such as COVID-19, can be looming just around the next corner. While unexpected storms can quickly disable passive or reactive leaders and result in dire consequences for an organization, other leaders are able to make intelligent changes to confront, thrive and emerge successfully from a crisis. Strategy is an ever evolving process. Strong leaders who proactively put the right people, processes and technology in place, before disaster strikes, recognize opportunity and rise up to take calculated risks. They create short and long-term plans adaptable to a changing and highly competitive landscape. In this session, we will look back and forward with one veteran nonprofit CEO who led and guided his organization through pervasive disruption and extreme uncertainty to turn the corner on COVID stronger than ever.



Objectives:
  • Identify experienced-based strategies and tactics that can help
  • Differentiate proactive leadership vs reactive leadership characteristics
10:35am - 11:50am EDT - June 14, 2022

Tuesday
10:35am - 11:50am EDT - June 14, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

Leveraging off the Leases Overview session, this session will dive deeper into the new lease session going through examples of what does and doesn’t qualify under the new lease definition as well as learning how to record the journal entries and other implementation concerns.



Objectives:
  • Identify and discuss how do identify a new lease.
  • Analyze and discuss how to record the accounting entries under the new lease accounting standard.
Tuesday
10:35am - 11:50am EDT - June 14, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

Allowable activities/allowable costs is a compliance area that auditors frequently report audit findings and questioned costs. This session will discuss the cost principles of Uniform Guidance as it relates to general principles, direct vs. indirect costs and specific cost area that give grantees the most challenges in their efforts to be compliant.



Objectives:
  • Evaluate the main concepts of the cost principles of Uniform Guidance and those high risk areas that require special attention
  • Determine how develop policies and procedures (internal controls) over the cost principles to be able to effectively incur costs under federal awards and not fear that they are making missteps that will result in obligations back to the government
Tuesday
10:35am - 11:50am EDT - June 14, 2022 | Room: National Harbor 2&3
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

This session will address the recent audit report changes from SAS 134, including new concepts such as KAMs, and how to avoid common errors. We will also highlight challenges around when to modify the audit report or include emphasis or other matter paragraphs.



Objectives:
  • Analyze the new audit reporting requirements from SAS 134.
  • Identify when to modify the auditor's report.
  • Determine when to include an emphasis or other matter paragraph.
Tuesday

Join this panel discussion with leading Investment Management Professionals as they:  

    • Provide insight from market leaders on the outlook for Equity, Fixed Income and Alternatives / hedge funds / and real asset market.
    • Explore how the economic outlook domestically and globally affect your organizations’ long term investment dollars and investment policy.
    • Share critical insight into what the key economic indicators are telling us as well as unique investment perspective from our top industry panelists.




Objectives:
  • Identify how Alternative Investments are deployed in diversified asset allocation
01:05pm - 02:20pm EDT - June 14, 2022

Tuesday
01:05pm - 02:20pm EDT - June 14, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

This session will introduce attendees to the current activities of the Auditing Standards Board, including a discussion on the recently effectuated standards and how they will impact planned audit procedures and reporting practices.



Objectives:
  • Identify the current activities of the Auditing Standards Board
  • Determine how the new standards will impact current audit procedures and reporting practices
Tuesday
01:05pm - 02:20pm EDT - June 14, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

Attend this session to learn about a program specific audit, such as, what it is, when you are allowed to use it, and what are the requirements. The presenters will provide a clear overview of a program specific audit and how it relates to a single audit.



Objectives:
  • Apply the requirements for performing a program specific audit
  • Differentiate when a program specific audit is appropriate verses a single audit.
Tuesday
01:05pm - 02:20pm EDT - June 14, 2022 | Room: National Harbor 4&5
Track: CGMA/Specialized Knowledge
Total Minutes: 75



Panel including Kirstie Tiernan (BDO) and Ben Menenberg (World Vision) will discuss how organizations are using AI and Automation to streamline processes, improve effectiveness, and strengthen internal controls.



Objectives:
  • Analyze AI and automation industry developments affecting Not-for-Profit Organizations.
  • Determine processes within participants’ organizations which are good candidates for AI and automation.
Tuesday
01:05pm - 02:20pm EDT - June 14, 2022 | Room: National Harbor 2&3
Track: Accounting & Audit, Tax
Tags: A and A TAX
Total Minutes: 75

If you've ever struggled with what expenses go into what classification of functional expense, you're not alone. This session will breakdown the nuances of each functional expense category, discuss best practices for the Form 990 and financial statement reporting, and allow you to walk away with a more clear understanding of this schedule.



Objectives:
  • Identify best practices for allocation of expenses in the Form 990 and Financial Statements
  • Analyze the details and nuances of Program, MG&A and Fundraising expense activity.
02:35pm - 03:50pm EDT - June 14, 2022

Tuesday
02:35pm - 03:50pm EDT - June 14, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

In this session 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.



Objectives:
  • Identify industry, regulatory, and economic developments affecting Not-for-Profit Organizations
  • Determine the audit issues impacting this year's engagments
Tuesday
02:35pm - 03:50pm EDT - June 14, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

This session will provide detailed training for developing and auditing challenging SEFAs that include reporting of lost revenues and fiscal periods greater than 1 year. This is training that is beneficial to auditees and auditors.



Objectives:
  • Predict potential challenging expenditures and reporting requirements on the SEFA
  • Apply the latest guidance when developing and auditing challenging requirements on the SEFA.
Tuesday
02:35pm - 03:50pm EDT - June 14, 2022 | Room: Potomac D
Track: Tax
Tags: TAX
Total Minutes: 75

Contribution are the backbone to many nonprofits, and behind those contributors are donors. Schedule B and Schedule M are designed to analyse the who and the what of charitable contributions to a nonprofit. While the schedules themself may seem like simple information reporting, the work behind what is reported on those schedules is full of nuance and analysis. We'll dive in to each section and break down the reporting, connecting the data with the details.



Objectives:
  • Determine the reporting rules for proprietary donor information on Schedule B for various types of nonprofits, while assessing the connection between Schedule B and Schedule M
  • Identify valuation and reporting requirements for non-cash contributions, including the requirement for information return reporting for certain noncash items
  • Analyze the status of the Supreme Court decision for donor disclosure to states
Tuesday
02:35pm - 03:50pm EDT - June 14, 2022 | Room: National Harbor 4&5
Track: CGMA/Specialized Knowledge
Total Minutes: 75



Today’s nonprofits need to adapt to a rapidly changing environment. This requires effective organizational governance that can contribute to increased accountability, the ability to navigate major disruptions and proactive and opportunistic responsive to key stakeholders. This interactive session will discuss also best practices in board management and education. Tools to help nonprofits boards successfully manage their fiduciary responsibilities will be introduced. Areas of discussion will include risk management, DEIB, ESG, strategic thinking and the importance of real time reporting.



Objectives:
  • Distinguish the board’s roles and responsibilities as well as characteristics of successful board leadership
  • Identify proactive board governance and learn how to prepare for potential risk
  • Analyze benefits and challenges of DEIB and ESG initiatives at the board level
Tuesday
02:35pm - 03:50pm EDT - June 14, 2022 | Room: National Harbor 2&3
Track: CGMA/Specialized Knowledge
Total Minutes: 75

During this session we will discuss the complexities and pros and cons of socially responsible investing.



Objectives:
  • Compare the pros and cons of socially responsible investing
  • Identify the importance of an investment policy and the role of the Investment Committee
  • Determine the feasibility of ESG
03:55pm - 04:15pm EDT - June 14, 2022

Tuesday

Become a Fraud Fighter and do the most for your organization to prevent fraud. Nonprofit organizations need to abide by strict internal control practices. While fraud can be discovered at the user level, using a technological solution increases the likelihood of catching fraud early.

Technology limits access for internal employees to protect who can access your client’s data, and having strong internal controls deters data theft caused by cyberattacks and fraud. Your firm can set rules and monitor user permissions to access applications or specific files. Safeguarding your data is the biggest thing you can do to fight fraud at your organization.

Be a Fraud Fighter and achieve gains for your organization like no one else can.

Topics discussed:

Best practices around internal controls

The benefits of technological solutions in fighting fraud

Strategies to prevent fraud on an organizational level


Tuesday

Nonprofit organizations like yours face unpredictable markets, increased reliance on philanthropy and complex regulatory requirements. At the same time, you are increasingly being asked to do more with less. Join PNC Institutional Asset Management® to learn more about a digital platform that brings you the solutions you need to effectively manage assets, risks and fundraising, so you can allot more of your resources to the critical work required to achieve your mission.


04:20pm - 05:35pm EDT - June 14, 2022

Tuesday

This session will review the contribution and contract revenue recognition accounting standard for nonprofit organizations under ASU 2018-08. We will review lessons learned, common mistakes and items missed with various examples during the session.



Objectives:
  • Identify lessons learned and common mistakes in accounting for transactions under ASU 2018-08.
  • Analyze how to effectively audit contributions received and contributions made under topic 958 and key audit procedures.
Tuesday
04:20pm - 05:35pm EDT - June 14, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

This session is designed to provide a deep understanding of the many steps involved in major program determination (MPD) for a single audit. There are specific steps that an auditor must perform in a specific order to identify major programs and if these steps are not performed correctly, your entire audit could fail.



Objectives:
  • Identify the correct steps to perform an accurate major program determination
  • Apply the major program determination steps in the correct order.
Tuesday
04:20pm - 05:35pm EDT - June 14, 2022 | Room: National Harbor 2&3
Track: Tax
Tags: TAX
Total Minutes: 75

Substantial attention is paid to charitable entities but what about other tax-exempt entities? This session will delve into common non-charitable entities including social welfare organizations, business associations, and social clubs. We will explore their benefits, drawbacks and special reporting requirements.



Objectives:
  • Identify the special reporting requirements for certain entities like Section 501(c)(4) and Section 527 entities.
  • Determine the issues involved when non-charitable entities are related to or deal with Section 501(c)(3) entities.
Tuesday
04:20pm - 05:35pm EDT - June 14, 2022 | Room: National Harbor 4&5
Track: CGMA/Specialized Knowledge
Total Minutes: 75



Diversity, equity, inclusion and belonging are different and equally important aspects of a healthy organization and they should be embedded throughout everything that we do. In this session you will learn what DEIB means, gain insight on how to ensure that DEIB influences your organization's key processes, explore ways to be more transparent, and implement more equitable practices.



Objectives:
  • Recognize the importance of all the elements of DEIB.
  • Determine effective strategies for incorporating DEIB within your strategic plan.
  • Identify tips and solutions that can leveraged.
Tuesday
04:20pm - 05:35pm EDT - June 14, 2022 | Room: Potomac D
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

How do you ensure your organization’s controls are solid? Join industry experts as they walkthrough typical internal controls for small and medium sized organizations, and learn takeaways you can implement in your NFP organization.



Objectives:
  • Identify the purpose and importance of internal controls within an NFP.
  • Distinguish common controls for small/medium not-for-profits.
  • Determine how to identify risks in an NFP organization.
09:30am - 10:20am EDT - June 15, 2022

Wednesday
09:30am - 10:20am EDT - June 15, 2022 | Room: Potomac A
Track: CGMA/Specialized Knowledge
Total Minutes: 50

This session will focus on a wide range of information to include GLBA (Gramm-Leach-Bliley Act) and NIST (National Institute of Standards and Technology) compliance as well as the important role of management as it relates to data security. Breach statistics indicate that as much as one third of institutions will be breached in the coming year. With that knowledge, management should take every opportunity to strengthen internal controls and validate that strength through GLBA required control testing as well as penetration testing. This session will also address the importance of breach detection and response and how the speed of response can save millions.



Objectives:
  • Analyze current breach trends and what institution leaders can do reduce risk
  • Determine GLBA and NIST data security requirements that institutions must adhere to
  • Identify that institution technology and data belongs to stakeholders, not IT.
Wednesday

What does end-to-end financial stewardship look like in your organization? It is not uncommon to experience a disconnect between the various roles and responsibilities of fundraising to finance to utilization of monies. Hear from a panel of experts as they discuss the intricacies of fund stewardship, including - lessons learned, best practices, technology advantages, and how to create solid stewardship.



Objectives:
  • Analyze best practices in financial stewardship
  • Determine how to showcase impact using technology
  • Identify what is possible in your technology stack and explore integration options
Wednesday

Forty-three states and the District of Columbia regulate the solicitation of charitable donations. The registration requirements vary widely from one state to the next and regulators within a state often interpret the law differently. As such, the regulations are a moving target that must be closely monitored. Navigating the maze of the registration and reporting requirements is often a daunting experience for nonprofits and their fundraisers and cause-marketing partners. In this session, Tracy Boak, a former charities regulator from Pennsylvania and now a Partner at Perlman & Perlman, a law firm dedicated to nonprofit law, provides participants with a road map including vital information about the registration, reporting and disclosure obligations under the various states’ solicitation laws.



Objectives:
  • Assess charitable fundraising requirements
  • Understand compliance with state registration obligations
Wednesday

This session is designed to help Not-For-Profit organizations, during this period of inflation, improve their core business operations by identifying additional potential revenue streams and ways to more effectively manage and potentially reduce fixed and variable expenses.



Objectives:
  • Assess additional revenue opportunities for Not-For-Profit organizations, including entering into a variety of partnerships and alliances.
  • Learn effective ways to manage and reduce fixed and variable expenses in inflationary times.
Wednesday

As a nonprofit organization, it is critical to understand what matters to your donors and how Finance and Development can partner to meet today’s challenges head on -- focusing on what we can do today – to ensure the sustainability of our mission success. Join us as we look at what you can do right now to ramp up faster and leverage what recent giving data tells us matters most - for sustaining and growing your nonprofit’s funding. How do you leverage your data and performance metrics to better tell your story? How do you build engagement with donors to prioritize your mission? We’ll share some best practices, along with specific examples of how you can elevate your story to all generations of prospective donors to help strengthen sustainability for the long term.



Objectives:
  • Identify the latest giving trends
  • Determine how to leverage your data to track and share your performance and impact
  • Analyze best practices around sharing your story to gain greater engagement
10:45am - 12:00pm EDT - June 15, 2022

Wednesday

THIS SESSION NEEDS TO FOcUS ON WHAT NOT TO DO. WE HAVE A SEPARATE SESSION ON EFFECTIVE INTERNAL CONTROLS. THIS SESSION SHOULD BE WHAT/WHY WAS NOT EFFECTIVE. Fraud discussed will include check fraud, spoofing, accounts payable, falsifying contractor invoices, imprest petty cash checking accounts and more. In this session we will explore the loopholes that were exploited and offer insight on how smaller nonprofits can avoid or mitigate these unfortunate events.



Objectives:
  • Identify the ever changing risk environment and learn to recognize common frauds
  • Analyze fraud prevention and detection procedures that may be applicable to smaller organizations
  • Determine areas for employee and management training to identify potential fraud early
Wednesday
10:45am - 12:00pm EDT - June 15, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

Sampling in a single audit can become complicated. This session will offer a review of single audit sampling and testing basics. Examples will demonstrate how the mixture of facts, decisions and auditor judgments all impact sampling techniques.



Objectives:
  • Determine sampling considerations in a single audit.
  • Identify key underlying concepts to select a proper sample
Wednesday
10:45am - 12:00pm EDT - June 15, 2022 | Room: Potomac D
Track: Tax
Tags: TAX
Total Minutes: 75

Parking tax refunds, siloing, electronic filing, and revised Form 990-T have presented a number of challenges for practitioners and organizations. This session will discuss these compliance issues, and provide "lessons learned" when dealing with these thorny problems



Objectives:
  • Identify potential Form 990-T filing issues.
  • Distinguish solutions to addressing these issues when encountered
Wednesday
10:45am - 12:00pm EDT - June 15, 2022 | Room: National Harbor 2&3
Track: CGMA/Specialized Knowledge, Tax
Total Minutes: 75

Join three experts in an interactive discussion about the practical implications of remote work. While a remote workforce has always presented compliance and other issues for employers, the global pandemic has permanently shifted how work with be done in the future. As offices begin to re-open, employers are addressing what it means to have employees working in a number of jurisdictions, and how it impacts their culture going forward. This session will identify issues facing employers with a remote workforce.



Objectives:
  • Distinguish policies and procedures associated with remote work.
  • Identify human resource policy and taxation issues associated with remote work.
  • Analyze the range of compliance and other issues encountered by employers with a remote workforce.
  • Determine ways to address these issues and minimize impact to the organization and its workforce.
Wednesday
10:45am - 12:00pm EDT - June 15, 2022 | Room: National Harbor 4&5
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

This session will provide an overview of revenue recognition specific issues and provider relief specific issues for healthcare entities.



Objectives:
  • Identify and discuss issues pertaining to the new revenue recognition model and reporting for healthcare entities.
  • Determine and discuss accounting and reporting for receipts from the Provider Relief Fund.
  • Analyze and discuss other impacts of the pandemic in consideration of healthcare entities recognition of revenue.
01:15pm - 02:30pm EDT - June 15, 2022

Wednesday
01:15pm - 02:30pm EDT - June 15, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

Auditing remotely is quickly becoming the new normal. Join this session for practical considerations when conducting your audits remotely. From evaluating internal controls and identifying fraud risks to observing inventory counts and considering the authenticity of client records, we've got you covered.



Objectives:
  • Compare key differences between conducting audits onsite and remotely
  • Analyze how auditing remotely affects audit planning
  • Choose the best practices for addressing high risk audit areas when auditing remotely
Wednesday
01:15pm - 02:30pm EDT - June 15, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

With so many new audits, it is a good time to clearly define the responsibilities for auditees and auditors in a single audit. This session will identify the responsibilities and tasks expected of each party in a single audit.



Objectives:
  • Differentiate between the responsibilities of an auditee and auditor in a single audit
  • Apply the guidance identifying responsibilities for the parties involved in a single audit.
Wednesday
01:15pm - 02:30pm EDT - June 15, 2022 | Room: National Harbor 4&5
Track: Tax
Tags: TAX
Total Minutes: 75

Hospitals are required to follow very specific rules of 501(r) and report compliance on the Form 990 Schedule H. And as part of this compliance, the IRS routinely reviews the returns of tax-exempt hospitals. In this session, we will dive into the rules and regulations of IRC 501(r). Afterwards, we will walk through the Schedule H, discuss the community health needs assessment and the potential fines associated with it, understand best practices in preparing and reviewing the Schedule, and assess areas where practitioners can provide added value to hospital organizations.



Objectives:
  • Identify 501(r) an its regulations
  • Analyze the penalties associated with the CHNA and CHNA IS and how to avoid penalization
  • Distinguish compliance reporting on Schedule H
Wednesday
01:15pm - 02:30pm EDT - June 15, 2022 | Room: Potomac D
Track: CGMA/Specialized Knowledge
Total Minutes: 75

Join three financial leaders for an interactive discussion of the top 6.5 challenges facing not-for-profits today accompanied by key strategies to address these challenges. Issues examined will include new revenue streams and remaining relevant, ESG, board communication, data quality and attracting and retaining top talent.



Objectives:
  • Determine and increase awareness of industry challenges
  • Calculate good practices to mitigate these challenges
  • Identify ways to convert these challenges into opportunities
Wednesday
01:15pm - 02:30pm EDT - June 15, 2022 | Room: National Harbor 2&3
Track: Accounting & Audit, Tax
Tags: A and A TAX
Total Minutes: 75

While Form 990 generally follows financial statement reporting, Form 990, Part IX requires more detailed reporting . It is also an area that potential donors may look at to draw conclusions about how well the organization accomplishes its mission. Differences between the financial statement functional and Part IX of the Form 990 may need to be explained to Board member and to readers of the Form 990. This session will explore the GAAP vs. Form 990 functional reporting beyond just donated services and investment expenses, and offer practical tips on financial statement and Form 990 reporting to help the organization "put its best foot forward" on expense reporting.



Objectives:
  • Compare the differences between GAAP and Form 990, Part IX reporting of expenses.
  • Analyze practical tips for preparing a proper financial statement and Form 990 functional expense statement.
02:45pm - 03:35pm EDT - June 15, 2022

Wednesday
02:45pm - 03:35pm EDT - June 15, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 50

The effective date of the Current Expected Credit Loss (CECL) FASB guidance is approaching. Join us for a session to discuss upcoming changes as a result of this standard, including considerations that nonprofit organizations should evaluate in advance of the adoption date.



Objectives:
  • Analyze changes that will occur as a result of upcoming CECL accounting standard updates
  • Identify how upcoming CECL accounting standard updates may impact not-for-profit organizations
  • Determine considerations not-for-profit organizations should evaluate in advance of the adoption date of this guidance
Wednesday
02:45pm - 03:35pm EDT - June 15, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 50

Not all programs our clients receive are listed in the OMB Compliance Supplement. When this occurs, and it happens more often than we think, what is an auditor to do? Luckily the supplement includes Part 7 - Guidance for Auditing Programs Not in this Compliance Supplement, which provides guidance for this specific situation. Attend this session to learn how to audit programs not included in the supplement.



Objectives:
  • Assess how to use Part 7 of the compliance supplement to audit programs not included in the supplement.
  • Apply the guidance available in Part 7 of the compliance supplement to complete a single audit or program specific audit.
Wednesday

Pandemic shutdowns and lack of funding for the EO Division continue to challenge the IRS in processing returns and correspondence. This dynamic session will explore erroneous IRS notices, improper revocation of tax-exempt status, electronic filing/e-signature issues, and the difficulties in changing the IRS Business Master File.



Objectives:
  • Analyze the real-world issues we are seeing throughout the country.
  • Identify IRS guidance for some of these and issues and explore potential solutions and workarounds.
  • Distinguish and appreciate needs of nonprofit/exempt clients given their frustrations with IRS delays, errors and ensuing correspondence.
Wednesday
02:45pm - 03:35pm EDT - June 15, 2022 | Room: National Harbor 4&5
Track: CGMA/Specialized Knowledge
Total Minutes: 50

This session will focus on the key components of the strategic and financial planning process and will include examples of strategic plans and how it relates to the financial planning process from not-for-profit organizations



Objectives:
  • Identify key components of an effective strategic plan
  • Analyze why the sample strategic plans are effective or not so effective plans
  • Determine the relationship between the strategic plan, budgeting financial planning and forecasting
Wednesday
02:45pm - 03:35pm EDT - June 15, 2022 | Room: National Harbor 2&3
Track: Accounting & Audit
Tags: A and A
Total Minutes: 50



According to the 2018 ACFE Report to Nations, two out of the top three categories of occupational fraud are asset misappropriation and financial statement fraud. Throughout the past decade, CAATs have been discussed and broadly used, but what about the next wave of auditing tools? Is your firm embracing AI as the next powerful solution? In this session you will learn:

  • What embracing AI can do to enhance your assurance process and results
  • Best practices in the planning and implementation process when embracing AI
  • A case study – how AI detected fraudulent transactions before the client alerted the team


Objectives:
  • Determine how data analytics tools and resources that may be leveraged in the current audit cycle
  • Identify ways to leverage data insights to inform work on those things that matter most
03:50pm - 05:05pm EDT - June 15, 2022

Wednesday
03:50pm - 05:05pm EDT - June 15, 2022 | Room: Potomac A
Track: Accounting & Audit
Tags: A and A
Total Minutes: 75

Ask questions to the A&A experts! Our experts will address any questions you may have and discuss technical issues that have surfaced over the past few years.



Objectives:
  • Apply lessons learned from issues faced by others in practice.
  • Determine best practices and practical applications in applying new standards.
Wednesday
03:50pm - 05:05pm EDT - June 15, 2022 | Room: Potomac B
Track: Yellow Book
Tags: Yellow Book
Total Minutes: 75

There are often challenging issues in performing a single audit. These can be complex, infrequent, and/or subject to increased auditor judgment. This session will provide you with critical information as you plan your 2022 single audits and will cover commonly asked questions the GAQC is receiving from members on both the Compliance Supplement and the impact of COVID-19 funding on single audits. It will provide participants with a fast-paced lightning round discussion with tips and best practices.



Objectives:
  • Determine and utilize the correct answer and guidance for common single audit questions
  • Apply best practices and tips for a successful single audit.
Wednesday
03:50pm - 05:05pm EDT - June 15, 2022 | Room: Potomac D
Track: Tax
Tags: TAX
Total Minutes: 75

Our distinguished panel of speakers will answer your 990 questions and provide insight into the issues and challenges they are seeing in their practices. We will collect unanswered questions about 990 matters from previous sessions and answer as many queries as possible.



Objectives:
  • Identify issues that continue to challenge 990 preparers and filing organizations.
  • Determine best practices and practical applications in preparing Form 990.
  • Distinguish how key Form 990 reporting challenges may impact readers of the completed Form 990.
Wednesday
03:50pm - 05:05pm EDT - June 15, 2022 | Room: National Harbor 2&3
Track: CGMA/Specialized Knowledge
Total Minutes: 75

For nonprofit organizations, accounting for and understanding the true cost of activities, including the cost of distinct programs as well as the true cost of overhead, is essential for informed decision making. An effective and efficient cost allocation methodology is a key tool in this process. During this session, we explore the different cost allocation methodologies available, discuss how to decide which method to select and how to interpret and use the resulting financials to convey the organization's story.



Objectives:
  • Identify the various cost allocation methodologies.
  • Determine how to choose a cost allocation method.
  • Analyze how effective cost allocations leads to understanding the true cost of activities.