This includes sessions from the conference: Not-for-Profit Industry Conference 2018
Purpose can be powerful, palatable, and transformative if we understand its true meaning on a multitude of levels -- individual, collective, systemic -- and how to activate it in a unified manner. Hear from PwC’s Chief Purpose Officer about how a purpose mindset transcends generations, supports talent development and workplace engagement while creating shared value.
This session will provide the status of the GAO's update to Government Auditing Standards.
Given increased accountability to constituents, donors and regulators for accuracy and integrity of business operations, heightened expectations of boards for transparency and effectiveness, and greater media coverage of lapses in good governance, strong board performance is essential. When done right, governance activities of boards can not only provide needed oversight, but can contribute in meaningful ways to organizational success - and mission achievement. In this presentation, we will address key governance principles for Boards in the not-for-profit sector, focusing on modes of governance, responsibilities of the board and of individual trustees, characteristics of high performing boards and current governance issues and associated best practices.
The presentation will be based on Grant Thornton's "Not-for-Profit Board Guidebook", which covers governance best practices, as well as the issues trustees face as they do their work.
Not all endowments are the same, and they often times create complexity and confusion within not-for-profit organizations and lead to potential financial reporting misstatements. This session will provide an overview on accounting for endowments, and explore advanced topics related endowment accounting and financial reporting with specific gift examples, practical guidance on donor relations, and a case study on investment pool accounting. This session will also provide an overview of accounting and financial reporting for annuity and life income gifts along with specific accounting examples, including:
- Endowment accounting basics refresher
- Changes to endowment accounting related to ASU 2016-14
- A variety of gift examples, including an investment pool case study
- Practical guidance on donor relations
- Overview of annuity and life income accounting
Join this session for an update on the latest technology buzzwords. Cryptocurrency, Blockchain, A.I., EU GDPR, and more. Learn the details behind these buzzwords and how they are relevant to your organization.
This session will review current developments in the federal tax law, including tax regulations, IRS rulings, court opinions, and pending legislation (including U.S. Tax Reform bills/law). The focus will be on the TE/GE fiscal year 2018 work plan, qualification for exemption, application for recognition processes and litigation, public charity status, supporting organizations, donor-advised funds, the commerciality doctrine, the private foundation rules, governance, the private inurement and private benefit doctrines, legislative and political campaign activity, unrelated business, joint ventures, use of subsidiaries, fundraising, and charitable giving law.
Come to this important session to gain insights into current EO-related developments, including:
• IRS and Treasury EO tax reform guidance
• Current IRS EO initiatives
• Current EO-related guidance projects
• Legislative changes and updates for EOs
After this session, you will be able to:
- Identify legislative developments in the tax-exempt organizations area
- Identify regulatory developments in the tax-exempt organizations area.
The focus will be the benefits to single audit quality when auditors have the single audit certificate and use the tools available via the AICPA and GAQC. This will not be a selling session but a presentation of tools to improve audit quality.
After participation in this session, you will be able to:
1. Identify how the single audit resources and certificates can help you improve audit quality.
2. Obtain single audit resources for use on your engagements.
As we mark the tenth anniversary of the global financial crisis, what does the future hold for endowed nonprofit institutions? This session will outline the often-conflicting forces that are shaping the world of nonprofit investing, and will lead a discussion among attendees about how these institutions are meeting challenges to their governance structures.
Attendees will learn:
-The forces shaping the investment environment for endowed nonprofit institutions
- The governance challenges that are being faced by these institutions
Healthcare premiums have spiraled out of control - continually rising with no relief in sight. During this challenging period, employers have needed to shift all or part of these costs to employees. The fact that wages are stagnant or rising slowly, puts great pressure on the company's workforce. The Dilemma Companies Face: How to Address this Imbalance. This is where CFOs, Controllers, and Finance can play a major role - by helping to cut back costs and thus narrow the gap between employee premiums and compensation. This session will discuss the benchmarks, levers employers can pull, and demonstrate various case studies to illustrate the impact of some of the techniques.