- Key updates in FASB and AICPA accounting/auditing standards and identify their relevance to nonprofit entities (NFPs) and auditors. - Case studies or scenarios to determine how proposed standards will impact NFP financial reporting, compliance, and audit procedures. - Action plan to implement updated standards within your NFP or audit practice, addressing challenges such as single audit requirements or technology adoption.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Summarize key updates in FASB and AICPA accounting/auditing standards and identify their relevance to nonprofit entities (NFPs) and auditors.
- Analyze case studies or scenarios to determine how proposed standards will impact NFP financial reporting, compliance, and audit procedures.
- Develop an action plan to implement updated standards within your NFP or audit practice, addressing challenges such as single audit requirements or technology adoption.
Major Topics
- Key updates in FASB and AICPA accounting/auditing standards and identify their relevance to nonprofit entities (NFPs) and auditors.
- Case studies or scenarios to determine how proposed standards will impact NFP financial reporting, compliance, and audit procedures.
- Action plan to implement updated standards within your NFP or audit practice, addressing challenges such as single audit requirements or technology adoption.
