2026-27 Annual Update for Governments and Not-for-Profits WEBINAR
Overview
This comprehensive annual update brings together key accounting and auditing developments affecting governmental and not-for-profit organizations. The course integrates recent standard-setting activity, emerging global frameworks, and major compliance updates to provide a well-rounded view of changes impacting financial reporting and audit requirements. The course will begin with an overview of recent accounting developments affecting not-for-profit organizations. The course then shifts to governmental accounting developments, covering recent pronouncements issued by the Governmental Accounting Standards Board, including GASB Statements No. 103, 104, and 105. Finally, the course addresses recent developments affecting Single Audits, including the 2024 Uniform Guidance overhaul.
Highlights
Key accounting and auditing developments affecting governmental and not-for-profit organizations. Accounting Standards Updates issued by the Financial Accounting Standards Board. The purpose of INPAS and how it compares conceptually to U.S. GAAP for not-for-profit entities. Recent developments affecting Single Audits, including the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, and recent guidance issued through the Office of Management and Budget.
Prerequisites
Prior experience with nonprofit or government accounting or auditing.
Designed For
Accountants and auditors.
Objectives
Recognize the impact of recent accounting standards affecting not-for-profit organizations. Identify key elements and objectives of the International Non-Profit Accounting Standards. Recall the impact of recent GASB pronouncements on governmental financial reporting. Identify new and updated disclosure and reporting requirements affecting governmental entities. Recognize changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance. Recall key developments from recent exposure drafts, implementation guidance, and regulatory updates affecting governments and not-for-profits.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Melisa Galasso, Galasso Learning Solutions LLC
4.52 stars out of 5
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), the AICPA’s Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors. Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a “40 under 40” by CPA Practice Advisor in 2017 and 2018. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training. Get real-time A&A updates and answers from Melisa Galasso via the WSCPA’s A&A Today videos on YouTube!Non-Member Price $199.00
Member Price $149.00