Nonprofit, Government & Compliance Update Webcast [NGCU]

Aug 14, 2020
Time: 8:30am - 4:00pm

Subject:

A&A / Govern. / Not-For-Profit

Credit Hours:

8.00

Price:

Member: $295.00
Non-member: $445.00

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Discussion Leader:

James Hodge    more info

James Hodge is currently the Director of Financial Statement Audits at the Department of Treasury's Office of Inspector General where he oversees financial statement audits, performance audits, evaluations, and attestation engagements. Prior to joining the federal government, he worked for PricewaterhouseCoopers in their Washington Federal Practice (now Guidehouse), advising federal entities on how to solve complex organizational issues, manage risk, and add value in financial and program management, operations improvement, and security and data management.

James is also an adjunct business professor at Howard University, Montgomery College, and University of Maryland Global Campus where he teaches upper-level undergraduate and graduate accounting courses. Additionally, James serves as an instructor for Becker Professional Education and Kaplan Professional. He is a Certified Public Accountant, Certified Fraud Examiner, and Certified Government Financial Manager. He received both his undergraduate and graduate business degrees from the University of Dayton.

As an active member of the accounting and auditing community, James has served in numerous leadership roles with the National Association of Black Accountants, the American Institute of Certified Public Accountants’ Government Accounting and Auditing Update Committee, and the Office of Management and Budget’s Executive Steering Committee on Fraud.

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Website registration for this course closes on August 13, 2020. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

Nonprofit, Government & Compliance Update Webcast (NGCU)

August 14th, 2020

LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course and $12.50 for each 2 hour course.

Not-for-profits and governmental entities are subject to very specific accounting and disclosure guidance. Over the last few years, there have been a significant number of updates to accounting and reporting literature from both the FASB and GASB. This program provides a 2020 update of the issues at the forefront of these industries to help accountants and auditors ensure that they are aware and have a basic understanding of the most current professional literature. This program also includes updates relevant to auditors that perform audits under Government Auditing Standards and the Uniform Guidance including the Yellow Book.

Major Topics Covered:
- Recent major accounting and disclosure issues specific to nonprofit and government entities
- New industry developments, including risk alerts
- Compliance audit updates
- SAS No. 132, Auditors Consideration of an Entitys Ability to Remain a Going Concern
- GAOs Yellow Book

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 auditors Yellow Book clients. Note that the determination of course qualification is a matter of an auditors professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

Learning Objectives:
Participants will be able to:
- Recognize and apply major accounting and disclosure issues impacting their clients or entities
- Prepare complete and accurate financial disclosures for these new developments

Designed For:
- Audit practitioners working on nonprofit and/or public sector clients who need audits performed in accordance with the Yellow Book and the Uniform Guidance
- Accountants in nonprofit or government organizations that need a single audit

CPE Credits: 8, Accounting & Auditing / Governmental & Not-for-Profit / Yellow Book

Level of Knowledge: Intermediate

Prerequisite: Basic familiarity with nonprofit governmental accounting

Acronym: NGCU

Discussion Leader: James Hodge