2024 AICPA & CIMA Governmental and Not-for-Profit Training Program

Corey’s keynote on ethics encourages audiences to chase the truly important things in life such as a solid character, strong personal relationships and a sense of contentment. These “real rabbits” are compared and contrasted to more fleeting worldly success such as excessive wealth, popularity, and prestige. Audience members leave with a better sense of what it takes to develop integrity, set priorities, gain a big-picture perspective, and chase an authentic life. By the end, Corey promises that this will be one of the most powerful and motivational speeches you have ever heard.

Discover how the development of an enterprise risk management (ERM) program can strengthen the structure of your organization, ensuring the security and sustainability your organization needs to support its mission. The session will provide you with practical tools to identify, assess, and mitigate risks and to integrate your ERM into your external audit and compliance function.

Join us to review the 2024 Compliance Supplement changes, changes coming to Uniform Guidance and other single audit updates.

We will guide you through the single audit process from initial planning to final reporting. Whether you are new to single audits or looking to enhance your understanding, our speakers will provide valuable insights, practical tips, and real-world examples to help you navigate the process with confidence. Key topics to be covered include assembling a schedule of expenditures of federal awards (SEFA), critical planning conclusions, control testing, compliance testing (including proper sampling), and reporting requirements.

GASB Statement No. 101 has significantly broadened the definition of compensated absences that governments must accrue, sometimes resulting substantially higher liabilities within their financial statements. This session will discuss both the technical requirements for estimating the liability as well as practical aspects of explaining the changes and preparing to record these liabilities. The standard is effective for years ending December 31, 2024, and later so there is no time to lose.

The IRS and other regulators have "stepped up" scrutiny and reporting requirements for related party ("insider") transactions. And many agencies have diverging definitions and reporting issues. This session will survey various rules, requirements, and reporting - including Schedule L (Form 990).

Come learn about the OMB Compliance Supplement and key changes included in the 2024 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.

Join me, Kate Koraia, MBA, SIAP & Technology Trailblazer 2024, for an insightful session on "The Evolution of Artificial Intelligence in Accounting: Integrating Human Expertise and Technological Advancements." This session will delve into how AI and automation technologies are revolutionizing accounting practices, transforming traditional workflows, and enhancing overall efficiency, all while maintaining a critical human element. We will explore the current challenges faced by accounting professionals, including regulatory compliance, data security, talent shortages, and resistance to technological change, emphasizing how human expertise remains vital in navigating these issues. Discover how AI-driven solutions are addressing these challenges by automating data entry, improving financial forecasting, managing expenses and invoices, and enhancing fraud detection and risk management, allowing accountants to focus on more strategic and value-added activities. Looking forward, we will examine the future trajectory of AI in accounting, discussing advancements in virtual assistants, blockchain integration, continuous learning systems, and enhanced data security measures. We will emphasize the importance of balancing automation with human intuition and judgment, highlighting how the strategic integration of AI can empower accountants to make more informed decisions and provide personalized client services. Finally, we will explore the potential for customized AI solutions tailored to the unique needs of different industries, ensuring that accounting firms are well-equipped to thrive in an increasingly dynamic and technologically advanced landscape. This session underscores that while AI enhances efficiency and precision, the human element remains irreplaceable in providing strategic insight, fostering client relationships, and driving innovation. Join us to stay ahead of the curve and embrace the future of AI in accounting, where technology and human expertise work hand in hand as co-pilots.

This session will feature a quick-paced summary of the past 12 months in the nonprofit tax arena including areas of current IRS and state regulator scrutiny, effectively communicating with the IRS in the new normal, recently issued guidance, recent court cases relevant to nonprofits, communications from IRS TE/GE, residual COVID-19 issues, clean tax credits, hot topics, and nonprofits in the news.

In this session we will explore the requirements of internal controls over compliance testing as required by Uniform Guidance, identify common pitfalls, and explore lessons learned, tips and tricks, and understand opportunities for improvement.