The Not-for-Profit Advisory Committee (NAC) has been meeting with FASB to discuss the impact of various standards on the nonprofit community. We'll look at the work of the NAC and the impact they've had.
DESIGNED FOR
Practitioners who audit nonprofits as well as those with financial reporting roles within nonprofit organizations.
BENEFITS
After attending this presentation, you will be able to...
- Recall changes to financial reporting for nonprofits
- Recognize the impact of audit changes on nonprofit audit engagements
HIGHLIGHTS
The major topics that will be covered in this course include:
- The Not-for-Profit Advisory Committee (NAC).
- Accounting Standards Updates (ASUs).
- Year 2 considerations of the leases standard.
- Common nonprofit deficiencies identified in peer review.
- What's going on at the AICPA.
COURSE LEVEL
Update
PREREQUISITES
Prior experience with nonprofit GAAP and GAAS
ADVANCE PREPARATION
None