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This includes sessions from the conference: 2022 AICPA & CIMA Not-for-Profit Industry Conference
Sessions Included:
Common Financial Statement Errors (Jun 13, 2022 12:40 PM)
Single Audit Update (Jun 13, 2022 12:40 PM)
Legal Updates/Reaction from Treasury & Hill Update (Jun 13, 2022 12:40 PM)
Building Culture Intentionally and Leading in a Hybrid World (Jun 13, 2022 12:40 PM)
Automate, then Celebrate! (Jun 13, 2022 12:40 PM)
In-Kind Contributions: A Refresher on Accounting (Jun 13, 2022 03:30 PM)
Post-Federal Award Requirements of Uniform Guidance: How to be Prepared (and Compliant) to Administer Federal Funding (Jun 13, 2022 03:30 PM)
Unraveling the Mysteries of the Schedule A Public Support Tests (Jun 13, 2022 03:30 PM)
Mitigate Don't Litigate (Jun 13, 2022 03:30 PM)
In The Know: Remote Workforce (Jun 15, 2022 09:45 AM)
Leases (FASB ASU 2016-02) Overview (Jun 13, 2022 02:10 PM)
Indirect Expenses for Auditees (Jun 13, 2022 02:10 PM)
COVID-19 Relief Update / ERC (Jun 13, 2022 02:10 PM)
Good Data! (Jun 13, 2022 02:10 PM)
When the Accounting is Good, the Audit is Easy (Sponsored by Your Part-Time Controller, LLC) (Jun 14, 2022 08:30 AM)
SOS for Software Solutions (Sponsored by CLA) (Jun 14, 2022 08:30 AM)
Does Google Think You’re Sexy? The Cost of Having a Bad Reputation (Sponsored by GRF CPAs & Advisors) (Jun 14, 2022 08:30 AM)
Attracting, Developing and Retaining Talent During the Turnover Tsunami (Jun 14, 2022 08:30 AM)
Turning the Corner on COVID: Leadership Strategies for Nonprofit Success (Sponsored by Marcum LLP) (Jun 14, 2022 08:30 AM)
Leases (FASB ASU 2016-02) Deep Dive with Case Studies (Jun 14, 2022 09:35 AM)
Cost Principles of Subpart E of Uniform Guidance: How to Avoid Questioned Costs (Jun 14, 2022 09:35 AM)
The Board Room (Jun 14, 2022 01:35 PM)
Getting it Right: Understanding the New Audit Reporting SAS and Common Reporting Issues (Jun 14, 2022 09:35 AM)
Auditing Standards Board Update (Jun 14, 2022 12:05 PM)
What is a Program Specific Audit and How is it Different From a Single Audit? (Jun 14, 2022 12:05 PM)
AI and Automation: How Non-Profits are Using Advanced Technology to Advance their Cause (Jun 14, 2022 12:05 PM)
Functional Expense Reporting for Nonprofits: GAAP + Tax (Jun 14, 2022 12:05 PM)
Not-for-Profit Industry Developments (Jun 14, 2022 01:35 PM)
Auditing Challenging SEFAs (Jun 14, 2022 01:35 PM)
501(c)(3) Not for Me? Exploring Noncharitable Tax-Exempt Entities (Jun 14, 2022 03:20 PM)
Not If But When (Cybersecurity) (Jun 15, 2022 08:30 AM)
Socially Responsible and ESG Compliant Investing (Jun 14, 2022 01:35 PM)
2018-08 Contribution and Contract Revenue Recognition: Lessons Learned, Items Missed & Common Issues (Jun 14, 2022 03:20 PM)
The Block & Tackle of Major Program Determination (Jun 14, 2022 03:20 PM)
Schedule B and Schedule M (Jun 14, 2022 01:35 PM)
DEIB in Everything We Do (Jun 14, 2022 03:20 PM)
Internal Controls for Small to Mid-Size NFPs (Jun 14, 2022 03:20 PM)
Raising Funds to Drive Impact: Reimagine the Journey of a Dollar in Your Organization (Sponsored by Blackbaud) (Jun 15, 2022 08:30 AM)
Navigating the Maze: A Road Map to Charitable Fundraising Compliance (Sponsored by Perlman & Perlman, LLP) (Jun 15, 2022 08:30 AM)
Revenue Enhancement and Cost Reduction Strategies in Inflationary Times (Sponsored by Protiviti) (Jun 15, 2022 08:30 AM)
Managing An Endowment Portfolio Through Challenging Times – Global Perspective on Economic and Capital Markets Going Forward (Sponsored by Bank of America Merrill) (Jun 14, 2022 09:35 AM)
Elevating Your Nonprofit's Story with Data and Performance Metrics (Sponsored by Sage Intacct) (Jun 15, 2022 08:30 AM)
Frauds We Have Known and Not Loved: An Examination of Frauds at Organizations That Thought They Were Too Small for it to Happen (Jun 15, 2022 09:45 AM)
Single Audit Sampling is Here to Stay: A Refresher (Jun 15, 2022 09:45 AM)
Form 990-T: Recent Lessons Learned (Jun 15, 2022 09:45 AM)
Healthcare Revenue and Provider Relief Funds Overview (Jun 15, 2022 09:45 AM)
Obtaining Audit Evidence in a Remote Environment (Jun 15, 2022 12:15 PM)
What are the Auditor and Auditee Responsibilities in a Single Audit? (Jun 15, 2022 12:15 PM)
Hospitals and the 501(r) (Jun 15, 2022 12:15 PM)
Top 6.5 Challenges Facing Not-For-Profit Organizations (Jun 15, 2022 12:15 PM)
Reviewing Form 990 (compare to FS) The Battle Royale: GAAP v. Form 990 Reporting (Jun 15, 2022 12:15 PM)
Does CECL (FASB ASU 2016-13) Apply to NFPs? (Jun 15, 2022 01:45 PM)
Auditing Programs Not in the Supplement Using Part 7 (Jun 15, 2022 01:45 PM)
Dealing with the IRS: Resolving Issues in the Post-Pandemic Environment (Jun 15, 2022 01:45 PM)
Which One Should I Choose? (Cost Allocation Methods) (Jun 15, 2022 02:50 PM)
Embracing the Power of AI in Your Assurance Engagements (Jun 15, 2022 01:45 PM)
A&A Ask the Experts (Jun 15, 2022 02:50 PM)
Single Audit Lightning Round (Jun 15, 2022 02:50 PM)
Form 990 Q&A (Jun 15, 2022 02:50 PM)
Sounds Like a Plan (Jun 15, 2022 01:45 PM)
Education Lab: Driving Nonprofit Financial Efficiency with Paperless Automation (Sponsored by Sage Intacct) (Jun 13, 2022 03:05 PM)
Education Lab: Fraud Fighters: Be a Superhero for Your Organization (Sponsored by Community Brands) (Jun 14, 2022 02:55 PM)
Education Lab: Leveraging Diversity & Inclusion to Improve Financial Wellness Programs in Retirement Plans (Sponsored by Bank of America Merrill) (Jun 13, 2022 03:05 PM)
TECH Demo: Donor-Advised Fund Platform: Invest in your Mission (Sponsored by PNC Institutional Asset Management) (Jun 14, 2022 02:55 PM)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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