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Annual Update for NFP A&A

8:30 am–4:15 pm ET

# of CPE Credits

8

Description

Not-For-Profit entities are challenged with many unique accounting issues. This course reviews ASUs directly or indirectly impacting nonprofit entities and it features a deep dive into ASU 2018-08 and its impact on revenue recognition for grants and other contracts including application for Paycheck Protection Program (PPP). As we turn from accounting to auditing, we will look at the new auditor’s report effective in December 2021. We close with a review of Yellow Book alerts regarding COVID19 and the impact of fraud on risk assessment. This course provides an overview of the key items impacting nonprofit entities.

Objective

* Describe the indicators of a barrier * Prepare a properly formatted auditors report under SAS 134 * Identify ASUs impacting NFP Entities * Recall how COVID19 impacts the risk assessment under Yellow Book

Highlights

* New Auditors Report * Government Stimulus Accounting * Yellow Book Alerts

Who Should Attend

Ideal for practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities

Required Knowledge

Prior experience with NFP financial reporting and auditing

Advanced Prep

None

Event Speaker(s)

Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Also Available As

Webcast
Wednesday, August 4, 2021 (8:30 am–4:15 pm ET)
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Webcast
Wednesday, October 27, 2021 (8:30 am–4:15 pm ET)
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Webcast
Wednesday, September 15, 2021 (8:30 am–4:15 pm ET)
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Webcast
Monday, December 20, 2021 (8:30 am–4:15 pm ET)
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Share This Event

Event Vendor:Galasso Learning Solutions LLC
Field of Study:Accounting (Governmental), Auditing (Governmental)
Level: Update
Other:New Course

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0038321

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$245.00
Non-MemberN/A$345.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.