Accounting and auditing standards keep evolving. Not-for-profit entities and their auditors need to keep up-to-date with the new standards and evolving practice issues. This all new seminar is presented by one of the foremost experts in the field of non­profit accounting, with over 36 years of practical experience at Loeb and Troper. This is an excellent seminar for both the expert and for those who want to familiarize themselves with non-profit accounting. 

This course qualifies for the 24/80 Yellow Book/GAGAS CPE!

Topics & Learning Objectives Include:

Morning Session

• Nonprofit A&A Update (new accounting and auditing standards and standards which are becoming effective this year, including a deep dive into the new lease standard).
  
• Single Audit Basics - A Brief Introduction
• Single Audit Update (federal single audit guidance, including information pertaining to the COVID-19 pandemic, AICPA guidance, single audit challenges and planning and performance considerations).
• Nonprofit Audit Risk Alert (includes a deep dive into COVID-19 audit issues).

Afternoon Session

• Nonprofit Financial Reporting Deficiencies (updated for new requirements such as revenue recognition).
  
• New Audit Report Standards - SAS No. 134 (is effective for December 31, 2021 audits and audits for fiscal years ending in 2022).
• Nonprofit Going Concern Considerations (revised and updated).

Allen lectures extensively on not-for-profit accounting, auditing, federal single audits, tax-exempt issues and governance. He is the foremost lecturer for ACE Seminars with respect to Not for Profit Accounting and Auditing.