Nonprofit Industry Update and GAAP Refresher

Thursday, December 9 8:45am - 4:30pm

(Check-In 8:30am)

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8.00 Credits

Member Price $269.00

Price will increase by $35 on 12/2

Non-Member Price $394.00

Price will increase by $35 on 12/2

Overview

This program provides a 2021 update of the issues at the forefront of industry to assist the auditor in assessing risk. It also includes updates to FASB guidance through March 2021, complete with disclosure examples. This course also includes Yellow Book and other new developments in compliance auditing. The U.S. GAAP refresher portion of the program includes coverage of some significantly enhanced sections in the AICPA’s nonprofit audit guide and nonprofit Technical Practice Aids.

Highlights

  • Not-for-profit industry updates 
  • Major accounting and disclosure issues specific to nonprofit organizations 
  • Single audit update 
  • Yellow book (GAS)

Prerequisites

Basic familiarity with not-for-profit accounting and auditing

Designed For

  • Practitioners working with governments in public practice 
  • Nonprofit industry accountants who need to keep on top of current accounting and disclosure requirements

Objectives

  • Apply the issues faced by nonprofits in today's environment which will help them assess risk 
  • Recognize and deal with major accounting and disclosure issues impacting their clients or organizations

Notice

By registering for this program and, accordingly, receiving the eMaterials, you're acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

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.

Leader(s):

Leaders

Rebecca Lee

BIOGRAPHICAL SKETCH OF REBECCA M. LEE, CPA

Rebecca Lee, CPA, CGMA, is a Group Practice Leader for LOSCALZO ASSOCIATES LTD. and a Principal with Brooke, Freeman & Lee, having offices in Anniston and Birmingham, Alabama. She serves as the assurance, quality control and compliance principal with responsibilities for the audit practice.

She has served on numerous AICPA and state society committees including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, Council of the AICPA and is a past member of the Institute’s MAS Executive Committee and Personal Financial Planning Executive Committee. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. She currently serves on the South Carolina Association of CPAs’ Peer Review Committee and the Continuing Professional Education Committee.

She holds a BS degree in Accounting from Jacksonville State University, Jacksonville, Alabama, along with a Masters Degree in Accounting from Birmingham Southern College, Birmingham, Alabama.

Ms. Lee is a group practice leader for all staff level audit training programs, as well as other accounting and auditing technical courses. She is a frequent speaker at CPA conferences, and has lectured extensively in the area of management advisory services at professional meetings and seminars for state societies and the American Institute of CPAs. With more than 30 years of experience in the audit and accounting field, Rebecca has served as a discussion leader, technical reviewer and author of courses for audit and accounting technical courses. Ms. Lee has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College in Birmingham, Alabama.

She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs and the AICPA.

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Non-Member Price $394.00

Member Price $269.00