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Overview

8.0 Credits
ONLINE

This course provides a high-level overview of the most important accounting, financial reporting, compliance and audit issues facing nonprofit entities and their accountants.  The focus is on explaining the basis behind major issues and trends in executive summary (yet practical) form, enabling professionals to understand the most important aspects of relevant standards, and the basis for any potential changes on the horizon.    

Objectives

• Describe recent developments of the FASB, GAO, OMB and AICPA relevant to nonprofit entities
• Explain the impact of new technical, professional, and regulatory requirements on nonprofit entities
• Recall current accounting, reporting, and compliance issues faced by nonprofit entities 
• Apply best practices to minimize noncompliance with Yellow Book and Single Audits

 

Major Topics

• Current impacts of accounting and financial reporting on nonprofit entities 
• Recently released FASB standards that impact nonprofit financial reporting the most
• Current issues and challenges involving Yellow Book financial statement audits
• Critical considerations when performing Single Audits under OMB Uniform Guidance for Federal Awards 
• Important AICPA professional standard developments related to providing audit and nonaudit services to nonprofits

Prerequisite

Familiarity with GAAP, SAS, Yellow Book and Single Audit

Advanced Preparation

None

Sessions

Please select the appropriate session or option below to continue with your online purchase

Tuesday, December 8, 2026

General Sessions
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