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Overview

8.0 Credits
IN-PERSON

This CTCPA conference is designed to update practitioners on new developments in the nonprofit arena.

Sponsored by

 

 

Designed For

Practitioners in public accounting firms with nonprofit clients, as well as CPAs in nonprofit organizations.

Sessions

Please select the appropriate session or option below to continue with your online purchase.

Tuesday, June 23, 2020

General Sessions

Presented by: Jeffrey D. Mechanick - Assistant Director for Nonpublic Entities at the Financial Accounting Standards Board

 

In this session, the FASB’s lead staff person for not-for-profit organizations (NFPs) will take you through the significant developments in GAAP for NFPs since last year’s conference.  He’ll discuss: the FASB’s overall agenda; implementation matters for recent standards, especially Revenue Recognition (Topic 606)/ NFP Grants and Contracts (ASU 2018-08), Leases (Topic 842), and Reference Rate Reform (final ASU to be issued in March); the FASB’s current project on Gifts-in-Kind (Contributed Nonfinancial Assets); and other noteworthy recent ASUs and FASB projects in process.  Please be sure to bring your questions!

Presented by: Ray Casella - Partner at Shipman & Goodwin

 

 

This session will provide guidance on various issues of interest to not-for-profit organizations, including: 
• Municipal property tax exemptions
• Private foundation excise taxes
• Sales tax exemptions
• Director fiduciary duties

Presented by: Jeffrey D. Mechanick - Assistant Director for Nonpublic Entities at the Financial Accounting Standards Board

 

Pete A. Ugo, CPA - Partner at Crowe LLP

 

 

FASB’s new leases standard is upon us all – already for NFPs with public debt, soon for other NFPs.  This session will help prepare you to survive (and maybe even thrive) when entering the “Brave New World” of on-balance sheet operating leases.  We’ll take up where the FASB Update left off and do a deeper dive into Topic 842, using examples to explore some of the more judgmental areas, covering some FAQs and your own questions, and giving you some practical implementation tips.  We’ll focus primarily on lessee accounting.

Presented by: Peter Verlezza - Managing Partner, SMB Networks, LLC

 

This session will cover:

• Number One Security Threat to Your Client and Your Firm
• Ways to protect against Ransomware
• Simple practices to minimize your risk online
• Why “free email” comes with a big cost
• The Dark Web
• Strategies for secure passwords
• What a Security Risk Assessment is and why you need one

Presented by: Jeffrey Shaw, MA, MPH - Senior Director of Public Policy and Advocacy for Connecticut Community Nonprofit Alliance, Inc (The Alliance)

 

Community nonprofits are a vital part of Connecticut’s economy, providing essential services that make our state safe, healthy and vibrant. Yet since 2007, community nonprofits have lost at least $461 million in state funding that has not kept pace with inflation. At the same time, demand for community services continues to increase. With Connecticut’s budget outlook the strongest it has been in over a decade, an opportunity exists for significant investment in the nonprofit sector. If Not Now, When?

2:05 pm Concurrent Sessions

Please select which 2:05 pm session you would like to attend:

Presented by: Leslie A. Zoll, CPA - Partner at blumshapiro

 

 

We will be providing an overview of the single audit process from planning,  fieldwork and report preparation as well as common errors as seen from OPM.

Presented by: David C. Salazar-Austin - Principal at Jackson Lewis PC

 

 

In this session, we will explore recent developments in Employment Law, both in Connecticut and nationally.  Topics will include key wage and hour updates, developing case law on discrimination, retaliation and harassment law, and other new cases and laws that could impact your businesses.  We will discuss the most recent guidance on the Connecticut Family and Medical Leave Act, as well as other statutory changes that have gone into effect and are revolutionizing the workplace.

Materials

eMaterials

Your registration fee includes an electronic copy of the course manual.  Your eMaterials will be available for download in the “My CPE” area of the website one week before the program date. Please note: program cancellations will not be allowed once you have downloaded your eMaterials from the website.

Copyright note: Reproduction or distribution of the manual or any portion of it is prohibited unless written permission is obtained from the course provider.

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Instructions for accessing the livestream and course materials will be sent one week before the program date.