Products
Common Financial Statement Errors
Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm
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.
Speaker(s):
- Nicholas C. Rivera, CPA, FHFMA, CHFP, Senior Manager, FORVIS
- Kristin E. Hogan, CPA, Principal, Johnson Lambert LLP
Tags:
A and A
Single Audit Update
Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm
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.
Speaker(s):
- Amanda Nelson, CPA, Partner, KPMG
- Mary Foelster, CPA, CGMA, Senior Director, Governmental Auditing and Accounting, AICPA
- Kim McCormick, CPA, Partner, Audit Services, Grant Thornton
Tags:
Yellow Book
Legal Updates/Reaction from Treasury & Hill Update
Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm
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.
Speaker(s):
- Alexander L. Reid, J.D., LL.M. (Taxation), Partner, BakerHostetler LLP
- Meghan Biss, J.D., Of Counsel, Caplin & Drysdale, Chartered
- Ruth Madrigal, J.D., Principal, KPMG
Tags:
TAX
Automate, then Celebrate!
Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm
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.
Speaker(s):
- Alyssa Federico, Senior Vice President, Finance, Foundation For The Carolinas
- Gina McDonald, CPA, Managing Director, BDO FMA
Building Culture Intentionally and Leading in a Hybrid World
Jun 13, 2022 1:40pm ‐ Jun 13, 2022 2:55pm
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.
Speaker(s):
- Shaara Roman, MBA, Founder & CEO, The Silverene Group
Leases (FASB ASU 2016-02) Overview
Jun 13, 2022 3:10pm ‐ Jun 13, 2022 4:00pm
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.
Speaker(s):
- Richard Cole, CPA, CGMA, Partner / Nonprofit and Education, FORVIS
- Paul Preziotti, CPA, Partner, Johnson Lambert LLP
Tags:
A and A
Indirect Expenses for Auditees
Jun 13, 2022 3:10pm ‐ Jun 13, 2022 4:00pm
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.
Speaker(s):
- Alexander Weekes, CPA, Principal, ML Weekes & Company, PC
- Lewis Weitzman, CPA, Manager, BDO
Tags:
Yellow Book
COVID-19 Relief Update / ERC
Jun 13, 2022 3:10pm ‐ Jun 13, 2022 4:00pm
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.
Speaker(s):
- Richard J. Locastro, CPA, JD, Partner, Director Non-Profit Tax, GRF CPAs & Advisors
- Christopher B. Anderson, CPA, Shareholder, Maloney + Novotny LLC
Tags:
TAX
Good Data!
Jun 13, 2022 3:10pm ‐ Jun 13, 2022 4:00pm
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.
Speaker(s):
- Amy West, CPA/CGMA, Executive Vice President and Chief Financial Officer, AHRC New York City
- Alyssa Federico, Senior Vice President, Finance, Foundation For The Carolinas
Education Lab: Leveraging Diversity & Inclusion to Improve Financial Wellness Programs in Retirement Plans (Sponsored by Bank of America Merrill)
Jun 13, 2022 4:05pm ‐ Jun 13, 2022 4:25pm
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!
Speaker(s):
- Cynthia Hutchins, ChSNC, CRPC, Director of Financial Gerontology, Dir Retirement Services, Bank of America Merrill