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2026/27 Not-for-Profit Accounting and Auditing Update WEBCAST

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4.0 Credits

Member Price $149.00

Non-Member Price $179.00

Overview

This comprehensive annual update brings together key accounting, auditing, and compliance developments affecting not-for-profit organizations. The course integrates recent standard-setting activity, audit and attestation updates, and Single Audit developments to provide a practical view of changes impacting nonprofit financial reporting and oversight. Participants will begin with an overview of accounting developments affecting not-for-profit organizations and an introduction to the International Non-Profit Accounting Standard. The course then shifts to auditing and attestation developments from the AICPA with a focus on monitoring and remediation responsibilities. Participants will also review recent and upcoming standards affecting audit, attestation, and consulting engagements.

Highlights

Accounting Standards Updates affecting not-for-profit organizations. Introduction to and comparison of the International Non-Profit Accounting Standard. U.S. GAAP considerations for NFP financial reporting. AICPA auditing and attestation updates. Quality management. Updates to SSAEs, SSARSs, and group audits. 

Prerequisites

Prior experience with nonprofit accounting and auditing.

Designed For

All accounting and auditing professionals.

Objectives

Recognize the impact of recently issued accounting standards on not-for-profit organizations. Identify key elements and objectives of the International Non-Profit Accounting Standard. Recall the impact of recent AICPA standards and proposals on audit and attestation engagements affecting not-for-profits. Identify key quality management requirements related to monitoring and remediation. Recognize changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance. Recall key regulatory and implementation updates relevant to Single Audits for not-for-profit organizations.

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!

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Non-Member Price $179.00

Member Price $149.00