Events Search
  Summary & Check Out (0)

Date / Time / Location

Thursday, December 7, 2017
8:00 AM - 4:00 PM
Registration: 7:30 AM

Pines Manor2085 State Highway 27
Edison, NJ 08817
732-287-2222

CPE Credits

  • 8.00 CPE Credits in MC

Package Pricing

E-Materials: Save $20 and download your own materials.
  • $269.00 - Member
  • $369.00 - Non Member
Manual Option: You will receive a printed manual.
  • $289.00 - Member
  • $389.00 - Non Member
Nonprofit organizations are grappling with a recovering economy and an increasingly complex compliance and regulation responsibilities.

Designed For

Brought to you by the Nonprofit Interest Group. The NJCPA Nonprofit Interest Group is a resource for accounting and auditing issues affecting Not-for-Profit organizations providing interpretations of new standards through education and roundtables and serving as a liaison between the NJCPA and industry, government and other-related organizations.

Benefits

Attend this conference, led by national industry experts, and get the tax, compliance, accounting & auditing, and governance updates you need to better serve your nonprofit clients.

Highlights

Agenda

7:30-8:00am
Registration, Breakfast and Welcome


8:00-9:15am
Nonprofit Update (AA)

Louis J. Mezzina, CPA - KPMG

Not-for-profit organizations are frequently in the news. Go behind the headlines to understand what is driving the stories and the key takeaways. Then get ready for a deeper dive into accounting, auditing and financial reporting.

9:15-10:05am
Implementation of New FASB ASU (AA)

Amy E. MacFadyen, CPA - EisnerAmper LLP
This session will cover a refresher on Presentation of Financial Statements of Not-for-Profit Entities, ASU NO. 2016-14. Discuss the implementation of the significant changes in the standard and walk-through examples of implementation.

10:05-10:15am
Morning Break


10:15-11:30am
Revenue Recognition and How it Relates to Nonprofits (AA)

Richard A. Cole, CPA - Financial Accounting Standards Board (FASB)

This session will provide an overview of the Revenue from Contracts with Customers accounting standard. It will discuss the five-step model and provide examples of how it could impact some NFP organizations. The session will also provide an overview of the Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, proposed Accounting Standards Update.

11:30am-12:20pm
Lunch


12:20-1:35pm
Breakout Sessions (Choose One)

1A. Key Changes in Uniform Guidance for Auditees and The Proposed Updated Yellow Book (AA)

John D’Amico, CPA – Marks Paneth LLP

Examine key changes in the administrative requirements under Uniform Guidance versus the OMB Circular A-122. Also discussed will be the procurement standards under Uniform Guidance and the session will close with key changes in the proposed Yellow Book, including independence, CPE requirements, and the new requirements for addressing waste.

1B. Understanding Your Organization’s Form 990 and Underlying IRS Examination “Triggers” (TX)
Robert Lyons, CPA and Frances McKenna, MBA, EA - Marks Paneth LLP
This session will examine IRS audit criteria and “triggers.” Take a look at topics such as:
  • What are the triggers
  • IRS and the matrix
  • Payroll Tax report issues
  • Form 990
1C. Fraud at Not-for-Profit Organizations – Recognize It, Prevent It (AA)
Brad Caruso, CPA, CFE – WithumSmith+Brown, PC
Fraud is not a new concept. The types of fraud and mechanisms of committing fraud have changed, but the general precepts have not. This session will cover recent frauds affecting not-for-profit organizations and an in depth look at what went wrong at the organization for these to occur. We will examine internal controls that could be implemented as well as auditor considerations to identify these frauds. Lastly, we will discuss data analytic techniques to both identify and investigate fraudulent activity. The goal of the session is to provide tips and tricks for use by industry professionals as well as auditors and to bring to light steps that organizations can take to protect themselves from falling victim to fraud.

1:35-1:45pm
Afternoon Break


1:45-3:00pm
Breakout Sessions (Choose One)

2A. Not-for-Profit Accounting & Auditing Update (AA)

Alexander K. Buchholz, CPA, MBA, CGMA – PKF O’Connor Davies, LLP

Learn about recent accounting developments that will impact not-for-profit and healthcare entities. In this session, you can take a deeper dive into several new accounting standards, some of which will include:
  • Going concern 2014-15
  • Consolidation 2017-02
  • Debt issuance 2015-03
  • Fair value 2015-07
  • And many others
Participants will also learn about the accounting and reporting for these topics as well.

2B. Commonly Overlooked Topics – The IRS and States (TX)
Robert Lyons, CPA and Frances McKenna, MBA, EA - Marks Paneth LLP
This session will look at some commonly over looked topics that you should be aware of such as:
  • Lobbying
  • Registration
  • Sales Tax
  • Charity Auctions
  • Special Events
2C. Evaluate and Train Your Board and Executives (CS)
Ronald F. Ries, CPA, CGMA - Business Consultant

In this interactive session, we will define and discuss the roles and responsibilities of both Board members and senior management of Not For Profit Organizations from a Governance perspective. We will discuss how Board and Management can work and succeed together on key governance issues including operating, fiscal, and overall reputation risk matters. We will identify areas of oversight by key members of both Management and Board with emphasis on various Board committees and their individual tasks and responsibilities, including their relationship with outside professionals, such as accountants, insurance, investment and other key service providers. We hope to hear feedback on these issues from session participants as to their experience.

3:00-3:10pm
Afternoon Break


3:10-4:00pm
Fundraising Strategies in Today’s Market for Today’s Generations and Respective Accounting Considerations (AA)

Brad Caruso, CPA, CFE and Heather Campisi – WithumSmith+Brown, PC

The dynamics of fundraising continue to evolve over time. New generations, technology and changing economies are vastly changing this landscape. This session will cover generational demographics and how to align your fundraising and messaging with them. Examples of traditional and nontraditional fundraising will be discussed as well as the accounting considerations that should be given to these activities. We will also cover the financial reporting and tax considerations on crowdfunding in the not-for-profit industry. The goal of this session is to use first-hand experiences, working with various not-for-profits and participating in various fundraising endeavors, as a roadmap to provide insights on how the industry needs to shift its thinking to better address fundraising needs.

Additional Notes

Yellow Book Qualification
This conference qualifies for Yellow Book CPE credits. Yellow Book requires an auditor to complete, every two years, at least 80 hours of CPE that directly enhances the auditor’s proficiency to perform audits and/or attestation engagements. At least 24 of the 80 hours should be in subjects related to governmental auditing, the governmental environment, or the specific or unique environment in which the audited entity operates. At least 20 hours of the 80 should be completed in any 1-year period of the 2-year period.
Pre-Registration Closed

Online pre-registration for this event is now closed.

12:20 PM to 1:35 PM
1A. Key Changes in Uniform Guidance for Auditees and The Proposed Updated Yellow Book (AA)

Examine key changes in the administrative requirements under Uniform Guidance versus the OMB Circular A-122. Also discussed will be the procurement standards under Uniform Guidance and the session will close with key changes in the proposed Yellow Book, including independence, CPE requirements, and the new requirements for addressing waste. 

Instuctor(s)

Credits

  • 1.50 Credits of Category AA

12:20 PM to 1:35 PM
1B. Understanding Your Organization’s Form 990 and Underlying IRS Examination “Triggers” (TX)

This session will examine IRS audit criteria and “triggers.” Take a look at topics such as:

·         What are the triggers

·         IRS and the matrix

·         Payroll Tax report issues

·         Form 990

Credits

  • 1.50 Credits of Category TX

12:20 PM to 1:35 PM
1C. Fraud at Not-for-Profit Organizations – Recognize It, Prevent It (AA)

Fraud is not a new concept. The types of fraud and mechanisms of committing fraud have changed, but the general precepts have not. This session will cover recent frauds affecting not-for-profit organizations and an in depth look at what went wrong at the organization for these to occur. We will examine internal controls that could be implemented as well as auditor considerations to identify these frauds. Lastly, we will discuss data analytic techniques to both identify and investigate fraudulent activity. The goal of the session is to provide tips and tricks for use by industry professionals as well as auditors and to bring to light steps that organizations can take to protect themselves from falling victim to fraud.

Instuctor(s)

Credits

  • 1.50 Credits of Category AA

1:45 PM to 3:00 PM
2A. Not-for-Profit Accounting & Auditing Update (AA)

Learn about recent accounting developments that will impact not-for-profit and healthcare entities. In this session, you can take a deeper dive into several new accounting standards, some of which will include:
  • Going concern 2014-15
  • Consolidation 2017-02
  • Debt issuance 2015-03
  • Fair value 2015-07
  • And many others
Participants will also learn about the accounting and reporting for these topics as well.

Instuctor(s)

Credits

  • 1.50 Credits of Category AA

1:45 PM to 3:00 PM
2B. Commonly Overlooked Topics – The IRS and States (TX)

This session will look at some commonly over looked topics that you should be aware of such as:
  • Lobbying
  • Registration
  • Sales Tax
  • Charity Auctions
  • Special Events

Credits

  • 1.50 Credits of Category TX

1:45 PM to 3:00 PM
2C. Evaluate and Train Your Board and Executives (CS)

In this interactive session, we will define and discuss the roles and responsibilities of both Board members and senior management of Not For Profit Organizations from a Governance perspective. We will discuss how Board and Management can work and succeed together on key governance issues including operating, fiscal, and overall reputation risk matters. We will identify areas of oversight by key members of both Management and Board with emphasis on various Board committees and their individual tasks and responsibilities, including their relationship with outside professionals, such as accountants, insurance, investment and other key service providers. We hope to hear feedback on these issues from session participants as to their experience.

Credits

  • 1.50 Credits of Category CS
Alexander Buchholz

Alexander K Buchholz, CPA, MBA, CGMA
Audit Engagement Senior Manager
PKF O'Connor Davies, LLP

Alexander K. Buchholz, CPA, MBA, CGMA is a Senior Audit Manager in the Not-for-Profit and Health Care Practices of PKF O’Connor Davies, LLP. Alexander has thirteen years of experience in public accounting. His areas of specialty include audits of not-for-profit entities, health care entities, and special needs clients, cost reporting as applicable to health care and not-for-profit entities, and Single Audits conducted in accordance with the Uniform Grant Guidance. Alexander is also an adjunct professor of accounting within the City University of New York as well as St. John’s University and Mercy College. Alexander’s journal publications have covered accounting, audit, tax and education topics and he has presented on both a professional and academic level.

Heather Campisi

Heather Campisi
Senior Marketing Coordinator
WithumSmith+Brown

Heather Campisi is a Senior Marketing Communications Manager at WithumSmith+Brown, PC. With over 8 years of experience in marketing and business development, she is responsible for the Firm’s content strategy, brand management and public relations. She manages the Firm's Pursuit Strategy Team which specializes in not-for-profit and government RFPs. Heather also leads the go-to-market niche strategy development for the Firm's Not-for-Profit and Education, Business Advisory and Transaction Advisory Services Groups. As a member of the Association for Accounting Marketing and past recipient of Withum’s Community Strength Award, Heather speaks to not-for-profit fundraising and generational giving as well as content and brand management strategies.

Brad Caruso

Brad Caruso, CPA
Partner
WithumSmith+Brown

Brad Caruso, CPA, CFE is a Partner at WithumSmith+Brown, PC with over 10 years of experience in public accounting. He specializes in working with not-for-profits and institutions of higher education as well as professional services and technology companies. Brad is a frequent speaker and writer on topics relating to not-for-profit accounting trends and updates, fundraising and accounting considerations and the implementation and utilization of technology to create efficiencies and best practices on accounting engagements. Serving as the data analytics software principal for the Firm, Brad is also an active member of the AICPA, NJCPA, ACFE and NACUBO and is a past recipient of Withum’s Innovative Strength Award.

Richard Cole

Richard A. Cole, CPA
Project Manager - Not-for-Profit Entities
Financial Accounting Standards Board

Rick Cole is a supervising project manager with the Financial Accounting Standards Board (FASB). In that role, he provides oversight to projects involving not-for-profit organizations (NFPs), consults on other projects affecting NFPs (e.g., Leases), and participates in some of the FASB’s broader outreach activities. He is the project manager on the FASB’s current project on not-for-profit financial statements and also provides staff support for the FASB’s Not-for-Profit Advisory Committee.

Prior to joining the FASB, Mr. Cole was the vice president and controller at the American Museum of Natural History in New York, where he worked for over seven years. Previously, he was a senior manager with KPMG LLP, where he worked for over fourteen years and specialized in audits of higher education institutions and other NFPs. Mr. Cole earned a BS and an MBA from Montclair State University. He is a member of the American Institute of CPAs and the New York State Society of CPAs.

Top of Page ↑

John D'Amico

John D'Amico, CPA
Director
Marks Paneth LLP

John D'Amico, CPA, is a Director with the Professional Standards Group at Marks Paneth LLP and provides quality control services to the firm's Nonprofit, Government & Healthcare Group. He specializes in quality reviews of nonprofit organizations' audits and is part of a team that reviews all attest engagements, provides consultation on accounting and attestation matters, tests and monitors the firm's quality review policies and procedures. He also develops and delivers training material related to accounting and auditing standards and ethics.

Mr. D'Amico has over 20 years' experience providing accounting and auditing services to nonprofit organizations and higher education and governmental entities. He brings extensive knowledge of nonprofit accounting and auditing and expertise in the performance of Single Audits under OMB Circular A-133 and, now, under the new Uniform Guidance.

As a sought out thought leader in his areas of expertise, Mr. D'Amico is an instructor for the American Institute of Certified Public Accountants (AICPA) and has led numerous seminars on topics relevant to the nonprofit community.

In addition to his professional activities, Mr. D'Amico is an adjunct professor at St. John's University and a dedicated volunteer who regularly donates his time to charitable organizations. He currently serves on the boards of directors and audit committees of several of City University of New York's (CUNY) related entities and foundations.

Mr. D'Amico is a member of the AICPA and the New York State Society of CPAs.

Top of Page ↑

Robert Lyons

Robert Lyons, CPA
Marks Paneth LLP

Robert Lyons, CPA, is managing tax director in the Nonprofit and Government Services Group at Marks Paneth & Shron, LLP. Mr. Lyons brings to this role the skills he had developed during more than 30 years of providing tax and consulting services to his clients in the nonprofit, higher education, and public sector industries. His experience includes handling substantial exempt organization tax issues. Mr. Lyons has testified in front of the House and Ways Committee in Washington, D.C., establishing the current treatment of affinity royalty arrangements. He has also been involved in special projects related to unrelated business income for exempt organizations, including but not limited to state filing issues, including settlements, foreign filling requirements for off-shore activities and use of exempt bond proceeds. Mr. Lyons has advised clients on the use of for profit subsidiaries as well as disregarded entities. He has led numerous training seminars for the American Institute of Certified Public Accountants and served as an adjunct professor in the Kogod School of Business Graduate Department at American University in Washington, DC. He has also authored six books and forty articles to date concerning exempt organization issues. Prior to joining Marks Paneth & Shron, Mr. Lyons was the tax managing director with KPMG, LLP, where he focused on tax and compliance issues for many of their largest clients, including public charities, private foundations, colleges and universities, social services and membership organizations, and cultural institutions. He is licensed to practice in New York State, Florida, Virginia and the District of Columbia. Mr. Lyons holds a B.S.B.A. in Accounting from the University of Florida and a Masters of Science in taxation from American University.

Top of Page ↑

Amy MacFadyen

Amy MacFadyen, CPA
Senior Manager
EisnerAmper LLP

Amy MacFadyen is a Director in the firm’s Not-for-Profit Services Group and Audit Department. Amy has 15 years of experience in public accounting, where she has specialized in not-for-profit and commercial auditing. She has served clients in a variety of industries, including not-for-profit, manufacturing and distribution, and independent schools.

She is responsible for the planning, supervision and execution of financial statements and other audit-related services, in accordance with the firm’s professional standards.

Amy has expertise in the specialized issues of not-for-profit organizations, including year-end considerations; new FASB technical pronouncements and Uniform Guidance requirements; specialized tax and accounting procedures; review of tax-exempt status; and unrelated business income issues.

Top of Page ↑

Frances McKenna

Frances E. McKenna
Marks Paneth LLP

Frances E. McKenna, MBA, EA, came to Marks Paneth after twenty six years of service in the Internal Revenue Service (IRS). At the IRS, Exempt Organizations (EO) were her main focus.

Ms. McKenna was responsible for a number of high profile national programs, including the Affordable Care Act (ACA), International/Foreign Account Tax Compliance Act (FATCA), Referral, Political Campaign Intervention (PCI), Employment Tax, National Research Programs (NRP), Fed/State, and Gaming.

As the manager of the IRS’s EO Compliance Strategy Critical Initiatives (CSCI) program group, Ms. McKenna supervised several high-profile projects, such as Medical Resident FICA, Affordable Care Act (ACA), 501(r), 45R and Post Determination Compliance Program. These included the administration of a large program segment of the Tax Exempt and Government Entities (TEGE) Division. She also served as a lead instructor for newly hired revenue agents in EO and was a certified lead instructor for their leadership management classes.

Ms. McKenna earned her BS in Accounting from St. John’s University and her MBA in Accounting from the University of Phoenix. In her spare time, she enjoys yoga, reading, and attending outdoor events, concerts, and traveling with her family. She also donates her time as the head coach of several youth organizations such as the Firthtown Falcons cheerleading and Firthtown Falcons baseball.

She is based in Marks Paneth’s New York office and resides in Stewartsville, NJ.

Top of Page ↑

Louis Mezzina

Louis J. Mezzina, CPA
KPMG LLP

Louis J. Mezzina, CPA, is an audit partner and KPMG’s national industry director for higher education, research and other not-for-profits. In this national role, he serves as a resource to several of the firm's clients and their service teams, leads internal knowledge sharing efforts, and is a frequent speaker on matters of interest to higher education and other not-for-profit institutions. With more than 35 years of experience, Mr. Mezzina has served many of KPMG's clients, including the American Red Cross, the Anti-Defamation League of B’nai B’rith, the Archdiocese of New York, Duke University, Johns Hopkins University, Juvenile Diabetes Research Foundation, New York Community Trust, The New School, US Fund for UNICEF and Wildlife Conservation Society. He is a former chairman of the Not-for-Profit Organizations Committee of the New York State Society of Certified Public Accountants and served a three-year term on the Not-for-Profit Organizations Committee of the AICPA. Mr. Mezzina received his B.S. degree in accounting, summa cum laude, from The State University of New York at Albany.

Top of Page ↑

Ronald Ries

Ronald F. Ries, CPA, CGMA

Ron has significant experience providing audit, tax and consulting services to both not-for-profit and for-profit organizations. Over the past 30 years, he has concentrated on the not-for-profit sector, including public accounting work with the firm Goldstein Golub Kessler LLP where he ultimately became head of their Not-For-Profit Services Practice and more recently a partner with the firm MazarsUSA LLP.

In interim years, Ron spent five years as Chief Financial Officer at the Jewish Board of Family and Children’s Services, a $200 Million social services agency. Ron brings this industry insider perspective to his roles in public accounting where he assisted clients with their operating, fiscal and management needs.

Earlier in his career, Ron assisted manufacturing and distribution companies with worldwide operations, and privately held businesses and professional practices. This experience included nine years as Chief Financial Officer at a publicly traded precious metals company.

Ron currently sits on several Boards of Not-For-Profit organizations, including as both Treasurer and Chair of their Audit Committees. He was previously the Chair of the American Institute of Certified Public Accountants FEF Conference and is currently on the Steering Committee of the AICPA National Not-for-Profit Conference.

Ron lectures and writes frequently on operating and fiscal matters, primarily in the not-for-profit sector, and is a contributing editor for The CPA Journal, a professional publication.

Ron received his BBA degree from The City College of New York. He is a Certified Public Accountant in the State of New York, and an Accredited Chartered Global Management Accountant. Ron is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants where he sits on the Accounting for Non-Profit Organizations and the Tax Exempt Entities Committees.

Top of Page ↑

Login Required!

You must be logged in to register for events. Please click here to login. You will redirected back to this page after logging in.

Don't have an account?

Not a problem. Use the Register section on the login page to create an account. You will be redirected back to this page after creating your account.

Pre-Registration Closed

Online pre-registration for this event is now closed.