This year is indeed another year of significant change in the world of nonprofit accounting and auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of the latest developments in nonprofit accounting and auditing.
DESIGNED FOR
Auditors and industry professionals working in the nonprofit environment
BENEFITS
- Keep up with the latest developments at the GAO, OMB, AICPA, and FASB
Ensure that your accounting and auditing skills stay up-to-date with current requirements
Be prepared for major changes on the horizon
HIGHLIGHTS
- Implementing the new Yellow Book
- Developing issues related to performing Yellow Book audits and single audits
- Key AICPA developments affecting audits of nonprofits including SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Auditor Reporting Statements, and SAS 135, Omnibus Statement on Auditing Standards--2019
- Prepare for the implementation of the new FASB ASU on grants, contracts, and contributions (i.e., ASU No. 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made)
- Develop a deeper understanding of the effects that ASU No. 2016-02, Leases, will have on nonprofits
COURSE LEVEL
Update
PREREQUISITES
Knowledge of nonprofit accounting and auditing
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for Yellow Book