Events Search
  Summary & Check Out (0)
Thursday, July 24, 2025 Live Webcast

2025 Annual Update for Not-for-Profit Accountants & Auditors (X4-7271561)

10:00 AM - 4:00 PM EDT
webcast

Vendor Platform

6 CPE Credits in AA

OVERVIEW

Stay ahead of the curve with this essential training designed for not-for-profit accountants and auditors. This course provides a comprehensive update on the latest developments impacting nonprofit financial reporting and auditing. On the accounting side, we will review the latest FASB standard-setting activities affecting NFPs, including programmatic investments and their interplay with the CECL standard. Additionally, we will explore the IFR4NPO project, a global initiative aimed at establishing universal financial reporting standards for nonprofits. Transitioning to auditing, this course covers the 2024 Yellow Book updates, the shift from quality control to quality management, and key audit matters with early adoption options. We'll also address Single Audit updates, GAO reports on improper payments and fraud, the Financial Data Transparency Act (FDTA), and recent Department of Education guidance on related parties.

DESIGNED FOR

Accounting Professionals

BENEFITS

  • Identify elements of the proposed IFR4NPO standards
  • Recall the impact of recent standard setting on programmatic investments
  • Identify the components of quality management
  • Recall the components of quality management in the 2024 Yellow Book
  • Identify changes to single audits as a result of the 2025 Compliance Supplement
  • Recognize the impact of the 2024 Uniform Guidance on Single Audits
  • Identify the key findings in GAO's Improper Payments: Information on Agencies' Fiscal Year 2023
  • Recognize the requirements of the FDTA
  • Identify the impact of the DOE's Related Party Disclosure Requirements on education audits

HIGHLIGHTS

  • Not for Profit
  • Auditing & Accounting
  • Yellowbook

COURSE LEVEL

Update

PREREQUISITES

Prior experience with nonprofit accounting and auditing

ADVANCE PREPARATION

None

INSTRUCTOR

Melisa Galasso

Melisa F. Galasso, CPA, CSP, CPTD, CGMA

CEO & Founder

Melisa is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of accounting experience, Melisa designs and facilitates CPE courses in advanced technical accounting and auditing, including not-for-profit and governmental accounting. She supports essential professional development, audit level training and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. She serves on the Financial Accounting Standards Board's (FASB) Not-for-Profit Advisory Committee (NAC), American Institute of CPAs' (AICPA) Council, and the Virginia Society of CPAs' (VSCPA) Board of Directors. She was on the AICPA’s Technical Issues Committee (TIC) and is a past chair of the North Carolina Association of CPAs' (NCACPA) A&A committee. Melisa authors the AICPA’s State and Local Government Guide and is an SME for the Center for Plain English Accounting. She was a 2020 Enterprising Women of the Year Award recipient and a CPA Practice Advisor “40 under 40” in 2017, 2018 and 2019. She was a 2019 Rising Star by her regional National Association of Women Business Owners' (NAWBO) chapter and won the Don Farmer Award for technical content instruction.

PRICING

$189.00 - Member

$219.00 - Nonmember

Register Today


Note: Online pre-registration will close on July 24 at 9:30 AM.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

ACPEN

ALSO QUALIFIES FOR