Is your Nonprofit Auditor Communicating with your Form 990 Preparer?

Oct 4, 2021 9:00am ‐ Oct 4, 2021 12:00pm

Identification: GOV21101

Join this extensive workshop to learn about enhancing and synchronizing your not-for-profit financial and tax reporting. This session will include a critique and examples of various audited not-for-profit financial statements, Form 990 and other tax/legal disclosures.

• Determine how to improve and enhance general-purpose financial reporting
• Identify answers to your nonprofit financial statement and tax return questions
• Apply guidance regarding best practice communications between your financial statement auditor and Form 990 preparer
• Discover how disclosures could be improved.

Welcome & Announcements | A Wake-Up Call for Nonprofits: How to Future-Proof Your Cause

Oct 25, 2021 7:00am ‐ Oct 25, 2021 8:25am

Identification: GOV2101

It’s no longer business as usual for nonprofit leaders, local and state governments, and those that advise them. The COVID-19 pandemic, protests and unrest around racial justice, and a fluid political and economic climate have upended all facets of the nonprofit landscape.

Add to this evolving technology, shifting donor behaviors, and changing demographics as even more factors disrupting the way nonprofits fundraise and communicate with supporters. How can organizations of all sizes and structures keep up with the breakneck pace of change? Don’t despair - there is hope!

In this talk, author and nonprofit communications expert Julia Campbell details the steps necessary to future-proof your organization so that you can confidently adapt, evolve, and thrive (not just survive) in the next decade and beyond.

Audiences will walk away inspired and motivated with an understanding of the following:

• The dramatically changing fundraising landscape and the implications for nonprofits;

• The 7 steps to thrive and not just survive in the new normal;

• How to manage through these changes and get buy-in from the Board, supervisors, and staff;

• How to pivot your marketing and fundraising strategy to be more proactive and not just reactive.

• Exactly what tax practitioners/auditors need to care about and pay attention to when advising clients through these changes.

Anticipated outcomes for participants:
They will walk away with:

• Actionable strategies and real-world examples of ways that even small nonprofits can get results with digital storytelling;

• Ideas and inspiration to start building their own storytelling plan.

• Identify actionable strategies and real-world examples of ways that even small nonprofits can get results with digital storytelling;
• Recognize ideas to start building your own storytelling plan.

Audit and Attest Standards Update

Oct 25, 2021 8:45am ‐ Oct 25, 2021 9:35am

Identification: GOV2103

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

• Identify the current activities of the Auditing Standards Board.
• Indicate how the new standards will impact current audit procedures and reporting practices.

Internal Control over Compliance: Let the Standards Be Your Guide

Oct 25, 2021 8:45am ‐ Oct 25, 2021 9:35am

Identification: GOV2104

This session will focus on the internal control requirements of the Uniform Guidance. From AICPA, Green Book, and the Uniform Guidance come the standards to be followed related to Internal Control in a Single Audit. In this session, we will explore all of the available guidance and discuss how it applies to the audit of Federal programs.

• Recognize the requirements of UG related to understanding and documenting internal controls over compliance.
• Recall the attributes of the COSO model.
• Establish the fundamental understanding with a step by step approach to documenting internal controls in a single audit
• Identify the impacts of COVID on Internal Controls in a Single Audit

Impact of Pandemic Fundraising Strategies on 990 and Financial Reporting

Oct 25, 2021 9:55am ‐ Oct 25, 2021 10:45am

Identification: GOV2106

With nonprofits quickly pivoting their fundraising strategies in light of the pandemic, many may not have called their accountant or attorney for advice about tax, financial reporting and other ramifications.  Changes were often made quickly to survive financially with little concern for other issues.  Now, a year in, reporting deadlines are steadily coming due.  Organizations and their advisors are finding time to refocus on risk management, reporting and compliance responsibilities.  This session will explore what we are seeing as the biggest trends in fundraising by organizations, along with the tax, financial reporting and compliance issues that need to be considered.

• Discuss current trends in nonprofit fundraising practices and charitable giving
• Discuss tax, financial reporting and other compliance issues implicated by nonprofit fundraising strategies
• Review risk managment strategies advisors to nonprofits can implement with their clients
• Review strategies advisors to nonprofits can take to identify risks implicated by fundraising strategies

Internal Control over Compliance: A Step-by-Step Approach

Oct 25, 2021 9:55am ‐ Oct 25, 2021 10:45am

Identification: GOV2107

Building on the concepts learned in the previous Internal Controls in a Single Audit session, this session will focus on the process of identifying effective internal control over compliance and how the auditor decides whether a control is designed and implemented effectively.

• Identify control objectives for each compliance requirement.
• Analyze compliance processes and controls within processes.
• Distinguish risks within processes ("what can go wrong" risks).
• Determine whether controls have been placed into operation and are operating effectively.

Major Program Determination and the SEFA

Oct 25, 2021 11:45am ‐ Oct 25, 2021 1:25pm

Identification: GOV2110

With complex rules and auditor judgment, determining your Major Programs is no easy feat. This session will discuss how to apply the Uniform Guidance risk-based approach to major program determination. We will go over using this approach to select major programs, including the impact of the new COVID-19 related federal programs, SEFA reporting, and other factors that impact major program determination.

• Identify the critical components of the major program determination process
• Recognize the more complex decision points
• Determine the impacts of Federal funding and SEFA reporting on major program determination.

2021 Fraudie Awards

Oct 25, 2021 1:45pm ‐ Oct 25, 2021 2:35pm

Identification: GOV2112

The pandemic has brought with it a pandemic of new fraud schemes. In this session, we'll look at the largest frauds of the year, the COVID-19-related fraud schemes, and what you can do to protect yourself and your organization.

• Identify the current fraud landscape and lessons learned
• Recognize the pandemic's impact on fraud
• Indicate steps that organizations can take to strengthen their controls

Federal Regulator Single Audit Activity

Oct 25, 2021 1:45pm ‐ Oct 25, 2021 2:35pm

Identification: GOV2113

Federal agencies are busier than ever due to the historic federal funding distributed in response to the COVID-19 pandemic. Activities include administration and oversight of the funding. Hear from 2 federal agency representatives on related federal activities and views on single audits. Among the topics to be covered are: (1) the impact of the COVID-19 pandemic on single audits, (2) tips to auditors based on quality control and desk reviews of single audits, and (3) federal oversight activities of COVID-19 funding.

• Recognize federal viewpoint on COVID-19 audit implications
• Identify common quality issues in single audits
• Indicate the latest single audit developments from federal regulators

Tribal Audit and Accounting Issues

Oct 26, 2021 6:00am ‐ Oct 26, 2021 6:50am

Identification: GOV2114

This session will provide an overview of how recent GASB pronouncements are expected to impact financial reporting for Tribal governments and their businesses.  We will also discuss several of the Federal programs provided to Tribes in response to the COVID-19 pandemic and review significant audit risks around each of these programs.

• Identify how recently issued GASB financial statements impact Tribal government and Tribal business reporting
• Indicate audit risks of CARES, ARPA and other Federal programs provided to Tribes in response to the COVID-19 pandemic