The most effective path to success lies in making yourself indispensable to your clients, and achieving that indispensability requires a robust understanding of your client?s business. Explore the latest developments affecting not-for-profits including FASB requirements, OMB, and Yellow Book developments. This course offers a thorough review of updates to the auditor?s reporting and conforming standards, ethics, governmental auditing standards, and accounting for not-forprofits. By participating, you ensure you are well-versed in current standards and best practices in not-for-profit accounting and auditing.
Learning Objectives
When you complete this course, you will be able to: ? Apply the most recent requirements of the FASB directed toward notfor-profits. ? Recall key points related to the latest developments in OMB and Yellow Book requirements. ? Identify recent activities of the AICPA and how they affect the auditor?s report.
Major Topics
Topics Discussed ? Not-for-profit accounting update ? Revenue recognition in not-for-profits ? FASB?s lease standard ? FASB update ? Auditor?s report and conforming changes ? Auditing Standards Board update ? Ethics update ? Common audit deficiencies ? SSARS and SSAE update ? Governmental auditing update
