A&A Update for Nonprofits and Single Audit (2025)

Overview

This course provides a high-level overview of the most important accounting, financial reporting, compliance and audit issues facing nonprofit entities and their accountants. The focus is on explaining the basis behind major issues and trends in executive summary (yet practical) form, enabling professionals to understand the most important aspects of relevant standards, and the basis for any potential changes on the horizon.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

• Current impacts of accounting and financial reporting on nonprofit entities

• Recently released FASB standards that impact nonprofit financial reporting the most

• Current issues and challenges involving Yellow Book financial statement audits

• Critical considerations when performing Single Audits under OMB Uniform Guidance for Federal Awards

• Important AICPA professional standard developments related to providing audit and nonaudit services to nonprofits

Prerequisites

Familiarity with GAAP, SAS, Yellow Book and Single Audit

Designed For

Anyone who is responsible for preparing financial statements or performs financial statement or Single Audits

Objectives

After attending this presentation, you will be able to...

Recall recent developments of the FASB, GAO, OMB and AICPA relevant to nonprofit entities
Analyze the impact of new technical, professional, and regulatory requirements on nonprofit entities
Recall current accounting, reporting, and compliance issues faced by nonprofit entities
Apply best practices to minimize noncompliance with Yellow Book and Single Audits

Preparation

None

Notice

Email w/link to webinar & materials will come from webinars@cpacrossings.com. If you do not receive email, check junk folder then contact CPA Crossings @ 877-370-2220 ext 1/webinars@cpacrossings.com

Fees

Credits

Specialized Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Jennifer Louis, Surgent McCoy Self Study

Leader Bios

Jennifer Louis, Surgent McCoy Self Study

Jennifer F. Louis has more than 18 years of experience in designing and instructing high-quality training programs. In 2003, she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or part-time basis. Louis was Executive Vice President and director of training services at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as Vice President of product development. Before joining AuditWatch, Louis was the financial and operational audit manager at AARP. She was also an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an instructor for the firm’s national “Train the Trainers” program. Louis graduated summa cum laude from Marymount University with a BBA in accounting. She is a member of the AICPA and is licensed to practice in the Commonwealth of Virginia.

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