2023 Not-for-Profit Update (August 18-Virtual)

This course provides an update to the recent accounting pronouncements affecting not-for-profits, the not-for-profit landscape, recent audit pronouncements and very important updates for those performing single audits and other types of compliance audits.

Objectives:

• Implement the most recent accounting and disclosure requirements impacting not-for-profit entities
• Evaluate how the changes to auditing standards impact their financial statement audits
• Recognize areas of risk in a not-for-profit and integrate the awareness of risk in financial statement audits
• Identify the most recent OMB, Federal agency, and Single Audit requirements and be able to test them

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.