- COVID funding grant issues and the CARES Act.
- What-if scenario planning in an age of disruption.
- When strategy, innovation and accounting standards combine.
- Policies for good governance.
The pandemic left no industry untouched and the nonprofit sector, which relies on in-person events, volunteerism and fundraising for operations had a big challenge to face in light of remote work, forced closures and changing guidelines. See how organizations, auditors and even board volunteers worked through it and are planning what's next.
PRICING
DETAILS
Register early to take advantage of the best price! Please
note, discounted pricing is already reflected in the online price. No
promo code is needed.
Through September 7: $90 MICPA Members / $165 Non-Members
September
8 - September 21: $100 MICPA Members / $175 Non-Members
September
22- October 5: $110 MICPA Members / $185 Non-Members
- Accounting
- Auditing
- Specialized Knowledge
After registering for this event, you can customize your sessions via 'My Registrations'
Nonprofit Fraud: Lessons
Learned
While most people who work for or with nonprofits are in it
for the mission, nonprofits have a history of poor internal controls and large,
unexpected frauds. We will look at some case studies and lessons learned. We
will also review the GAO’s COVID-19 alert related to risk assessment and fraud
risk assessment during COVID as well as the ACFE’s COVID-19 Fraud benchmarking
study. The lessons learned can help identify and maybe even prevent the next
major nonprofit fraud.
Melisa F. Galasso, CPA, CGMA–
Owner, Galasso Learning Solutions LLC, Charlotte, NC
09:30 AM - 10:20 AM
990 Review Not Required – Why You Should Do It
Anyway
The Internal Revenue Code and regulations do not require an
organization’s board to review Form 990 prior to submission, but just because
something isn’t required doesn’t mean it isn’t necessary. Find out why the IRS
and other experts recommend a board review of Form 990 to ensure not only
accuracy, but to indicate an organization’s good governance and transparency.
Erica Battle, CPA – Principal, GJC CPAs & Advisors,
Detroit
Not-For-Profit entities and their auditors are challenged with many unique accounting issues. This session takes a detailed look at ASU 2018-08 and its impact on revenue recognition for the variety of federal and state grants and contracts due to COVID-19 related funding. We’ll focus on application issues related to the standard. We’ll close with a review of ASUs directly impacting nonprofit entities. Be ready for a fast-paced update on all this nonprofit GAAP.
Melisa F. Galasso, CPA, CGMA – Owner, Galasso Learning Solutions LLC, Charlotte, NC
10:30 AM - 11:20 AM
Beyond Metrics: How to Inspire Inclusion and
Belonging
A company will often represent their diversity, equity
& inclusion (DE&I) goals or progress with numbers and percentages. More
than a number set, however, DE&I is a culture that takes time and intention
to build. Find out what tools leaders are using to build a truly diverse,
equitable and inclusive work culture where talent feels that they belong.
Shaara Roman – Board Member, Entrepreneur, Former CHRO,
The Silverene Group, Arlington, VA
Putting Your Best Footnote
Forward
Financial Statement Disclosures for nonprofit entities
underwent further alteration this past year. Learn how footnotes can help you
state your client’s case for unique cash flow items such Paycheck Protection
Program (PPP) revenue and gifts-in-kind.
Laurie Horvath,
CPA – Partner, Not-for-Profit Practice Leader, Baker Tilly Virchow
Krause, LLP, Southfield
The Exception to the Rule? An Analysis of Single Audit
Results
In a perfect world, every single audit would be executed to
perfection. In reality, however, there is the human factor that must be
mitigated sometimes. Avoid common errors in future single audits from both an
auditor and auditee perspective by understanding the requirements for disclosing
findings and exceptions, how to write them effectively, and more!
Wendy Thompson,
CPA – Training Manager, Yeo & Yeo, Saginaw
11:30 AM - 12:20 PM
Standard Implementation: Turning Over a New
Lease
Implementation of the new lease standard was postponed by the
FASB last year, but non-public companies now need to prepare to have that
standard in play come Dec. 15, 2021. As conversations with your clients on the
new lease standards resume, join us to refresh your knowledge and garner
strategies for implementation.
Duane M. Reyhl, CPA, CGMA
– Audit and Accounting Partner, AHP, Midland
The Art of Giving: Different Isn’t
Bad
According to Forbes, the composition of donors and how donations
are made has changed substantially over the past twenty years, a trend that
looks poised to continue dramatically over the next two. Gain insight on how
NFPs can drive revenue using new models of donor engagement and what the
accounting and tax implications of these changes might look like.
Rachel M. Decker – Founder & President, Detroit
Philanthropy LLC, Detroit
Laurie Horvath, CPA –
Partner, Not-for-Profit Practice Leader, Baker Tilly Virchow Krause, LLP,
Southfield
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Non-Member