2023 AICPA & CIMA Governmental and Not-for-Profit Training Program

Going concern assessments continue to be a complex and often misunderstood topic for exempt organizations. More organizations than ever had to complete more robust going concern assessments as a result of the pandemic, and auditors faced numerous challenges in auditing management's estimates and reporting conclusions. Join this session to learn about the requirements surrounding going concern and to learn from case studies of going concern assessments.

This session will feature a quick-paced summary of the past twelve months in the nonprofit tax arena including a COVID governmental relief update (PPP / ERC21), effectively communicating with the Internal Revenue Service in the new normal, recently issued guidance, recent court cases relevant to nonprofits, communications from IRS TE/GE, hot topics, and nonprofits in the news.

Join us to review the 2023 Compliance Supplement changes, status of Uniform Guidance and the pending changes to the Data Collection Form submission process.

It has been said that when it comes to communication and financial reporting, the finance, fundraising, and program teams are from different planets if not from different universes. Within no-for-profits, these teams often communicate distinct financial outcomes and produce very dissimilar reports from the same data and information. These communication gaps can be identified and resolved to ensure that financial information and reports are aligned throughout the teams. Join two industry experts to discuss why these teams are often misaligned and how to develop strategies to make desirable collaboration possible.

Come learn about the OMB Compliance Supplement and key changes included in the 2023 OMB Compliance Supplement. Whether you’re a seasoned auditor or new to Single Audits, understanding how the OMB Compliance Supplement is required to be used and understanding changes made is a critical element of performing quality Single Audit engagements.

A fundamental aspect of governmental financial reporting is establishing the boundaries of a government's financial reporting entity. This session describes the financial reporting entity and delves into the numerous criteria that determine whether legally separate entities should be included and how they should be presented. In addition to discussing the provisions of GASB Statements 14, 61, 80, 84, and 90, this session will highlight guidance in GASB Statement 97 and recent Implementation Guides.

This session will update attendees on 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.

Come learn the life cycle of a finding, including the auditor and auditee responsibilities and common errors in a Single Audit.

In this session will discuss some of the most common accounting and implementation considerations related to GASB Statement No. 87, Leases, as well as considerations for year 2 of the standard.

Join this session to hear about SAS 145 and the updates to audit risk assessment. Includes key changes in requirements for auditors to be aware of along with practical considerations for your firm's audit methodology for risk assessment.

Each phase of the audit is an opportunity to re-assess efficiency. Join us to discuss best practices.

In fiscal year 2022 alone, 26 different federal agencies awarded over 56,000 grants to charitable organizations and state and local governments. Does your organization know how to take advantage of these funding opportunities? Join us for this introductory session on federal grants, where we will share how to search for federal funding sources and review best practices in federal grants management.

Take a tour through the NFP Section's Save Our Little Charities example audit report and example Form 990 to highlight tips, tricks, and traps with respect to Form 990 preparation. Interactive format will cover all parts of the Form and survey the schedules.

Single audit practitioners are seeing an uptick in federal quality control reviews (QCRs), and we expect the numbers to rise for single audits of pandemic-related funding. During this session, practitioners will provide insights so you’re prepared for increasing volume and increasing scrutiny.

This session will allow participants to gain an understanding of a program-specific audit, including what it is, when it can be elected, and what are the requirements. The presenters will provide an overview of program-specific audit requirements, compare and contrast the requirements against single audit requirements, and apply the guidance to case studies.