Nonprofit, Government and Compliance Update [NGCU Fbx]

Full Description

Nonprofit, Government and Compliance Update

June 30, 2015
Westmark Fairbanks Hotel
Fairbanks, AK
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.

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 2015 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 Circular A-133 including the changes in audit guidance due to the OMBs new Uniform Guidance.

Major Topics:
Recent major accounting and disclosure issues specific to nonprofit entities
Recent major accounting and disclosure issues specific to governmental entities
New industry developments including risk alerts
Changes due to the issuance of the Uniform Guidance

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:
Practitioners working with governments in public practice
Accountants working in nonprofit organizations and governments who need to keep on top of current accounting and disclosure requirements


CPE Credits: 8, Auditing (Governmental)

Level of Knowledge: Intermediate

Prerequisite: Basic familiarity with nonprofit governmental accounting

Acronym: NGCU

Discussion Leader: Marcie Thomas, CPA

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.
It is recommended that this course not be scheduled back to back with or Nonprofit Industry Update and GAAP Refresher or Nonprofit Accounting, Auditing, Compliance and Governance Issues.