Accounting and Auditing Update for Not-for-Profits

Description

The most effective path to success lies in making yourself indispensable to your clients, and achieving that indispensability requires a robust understanding of your client’s business. Explore the latest developments affecting not-for-profits including FASB requirements, OMB, and Yellow Book developments. This course offers a thorough review of updates to the auditor’s reporting and conforming standards, ethics, governmental auditing standards, and accounting for not-for-profits. By participating, you ensure you are well-versed in current standards and best practices in not-for-profit accounting and auditing.

Highlights

• Not-for-profit accounting update
• Revenue recognition in not-for-profits
• FASB’s lease standard
• FASB update
• Auditor’s report and conforming changes
• Auditing Standards Board update
• Ethics update
• Common audit deficiencies
• SSARS and SSAE update
• Governmental auditing update

Objectives

  • Apply the most recent requirements of the FASB directed toward notfor-profits.
  • Recall key points related to the latest developments in OMB and Yellow Book requirements.
  • Identify recent activities of the AICPA and how they affect the auditor’s report.

Designed For

Accounting and finance personnel responsible for accounting and financial reporting for not-for-profits and auditors of those entities


Leaders

Jeanette Bax-Kurtz

Jeanette Bax-Kurtz is the Founder and Owner of Andern Consulting LLC. She works with tax exempt organizations including government districts, minority and family-owned businesses assisting them to navigate the changes and regulations to help their organizations build their legacies in this ever changing world. She was the past partner and Director of Not-for-Profit and Regulatory Services for Mueller Prost, which she coordinated the firm's delivery of audit, tax and advisory services to tax exempt and other organizations, including not-for-profit, real estate, and healthcare industries. Her considerable knowledge base has been the source of assistance for many directors, trustees, government agencies, owners and consultants in solving challenges facing a dynamic environment.

Jeanette is a graduate of University of Missouri, St. Louis with a B.S.B.A. concentration in Accounting and a Minor in Mathematics. She has more than 30 years of experience in public accounting. Jeanette is a Certified Public Accountant in the States of Missouri, Illinois, and Nebraska. She is a member of the American Institute of Certified Public Accountants, Missouri Society of Certified Public Accountants.

Her focus on not-for-profit organizations and highly regulated industries makes Jeanette a sought-after educator and speaker. She frequently teaches courses for the AICPA and is a guest lecturer at various universities, CPA firms and other organizations.

In addition to her professional affiliations, Jeanette serves as a board member for Belleville Diocesan Finance Council, Brace for Impact 46, Pujols Family Foundation, Resourceful Living and Women of Wisdom. She also devotes a considerable amount of time to providing services and volunteering for a variety of tax-exempt organizations. Jeanette is a recipient of the Association's Outstanding Facilitator Award