Corey’s keynote on ethics encourages audiences to chase the truly important things in life such as a solid character, strong personal relationships and a sense of contentment. These “real rabbits” are compared and contrasted to more fleeting worldly success such as excessive wealth, popularity, and prestige. Audience members leave with a better sense of what it takes to develop integrity, set priorities, gain a big-picture perspective, and chase an authentic life. By the end, Corey promises that this will be one of the most powerful and motivational speeches you have ever heard.

Learning Objectives:

• Use prominent ethical frameworks to help solve difficult moral dilemmas.
• Distinguish how a strong character will lead to a more productive business environment and a more contented life.

This session will give an overview of the GASB pronouncements that become effective in the coming fiscal years. The session also will explain some of the projects on GASB’s current technical agenda and research agenda.

Learning Objectives:

• Identify the accounting and financial reporting requirements in recently issued GASB Statements.
• Apply recently issued GASB statements.

Discover how the development of an enterprise risk management (ERM) program can strengthen the structure of your organization, ensuring the security and sustainability your organization needs to support its mission. The session will provide you with practical tools to identify, assess, and mitigate risks and to integrate your ERM into your external audit and compliance function.

Learning Objectives:

• Identify the fundamentals of ERM and its importance for not-for-profits.
• Determine an ERM framework that aligns with the organization’s mission and values.
• Identify an industry leading approach for ERM governance and reporting to Board and Senior Leadership.
• Analyze integration of an ERM into the organization’s external audit and compliance functions.

Join us to review the 2024 Compliance Supplement changes, changes coming to Uniform Guidance and other single audit updates.

Learning Objectives:

• Identify key changes to the 2024 OMB Compliance Supplement.
• Distinguish the changes to the Uniform Guidance and their impact on 2024 single audits.
• Identify other federal single audit activities and developments affecting 2024 single audits. Apply best practices to perform high quality single audit engagements.
• Apply best practices to perform high quality single audit engagements.

This session will discuss some of the most common accounting and implementation considerations related to GASB Statement Nos. 87, 94, and 96 (Leases, P3s, and SBITAs), including subsequent considerations for modifications, terminations, and measurements.

Learning Objectives:

• Identify common accounting and implementation issues related to GASB Statement Nos. 87, 94, and 96.
• Distinguish subsequent accounting considerations after the initial implementation, including lease modifications, reassessments, and terminations.

The FASB's lead staff person for NFPs will guide you through recent changes to GAAP affecting the NFP sector and noteworthy projects on the FASB's current agenda. Our discussion will include implementation matters on the new Credit Losses standard (Topic 326); recent guidance (ASUs) on common control leases, crypto assets, and income tax disclosures; and current projects on software development costs and environmental credit programs. We'll also highlight recent discussions of the FASB's NFP Advisory Committee (NAC) and preview the FASB's upcoming agenda consultation.

Learning Objectives:

• Identify the key recent changes to GAAP affecting the NFP sector.
• Identify the current FASB projects that could affect the NFP sector.

We will guide you through the single audit process from initial planning to final reporting. Whether you are new to single audits or looking to enhance your understanding, our speakers will provide valuable insights, practical tips, and real-world examples to help you navigate the process with confidence. Key topics to be covered include assembling a schedule of expenditures of federal awards (SEFA), critical planning conclusions, control testing, compliance testing (including proper sampling), and reporting requirements.

Learning Objectives:

• Recognize auditor’s responsibilities under Uniform Guidance
• Distinguish the requirements of the Compliance Supplement as it applies to auditors and auditees
• Identify the requirements of SEFA reporting
• Identify the correct steps to perform an accurate major program determination, planning, and performing major program testing and single audit reporting

This session will help users understand the differences between AICPA and the U.S. Government Accountability Office (GAO) independence requirements and how to effectively apply each framework. The session will make heavy use of case studies to help participants apply both AICPA and GAO independence frameworks to situations commonly found in the state and local government (SLG) environment.

Learning Objectives:

• Identify the differences between AICPA and GAO independence requirements.
• Apply both AICPA and GAO independence frameworks to situations commonly found in state and local government entity audits.

Learn how quid pro quo contributions, non-cash gifts, sponsorships, UBIT rules and Form 990 reporting can all complicate compliance with state and local laws.

Learning Objectives:

• Determine the impact of fundraising efforts on Form 990 and Form 990-T reporting
• Apply knowledge of state and local laws regarding fundraising with fundraising activities and the federal reporting of those activities
• Analyze risks to the organization of proposed fundraising efforts

Discuss the key changes made by OMB to the Uniform Guidance and the implications for organizations and auditors that audit federal funding.

Learning Objectives:

• Identify the 2024 Uniform Guidance revisions.
• Identify key changes to the Uniform Guidance affecting recipients of federal funding and the impact of the changes on auditors who perform audits of federal funding.
• Distinguish the implementation challenges and provide best practices to ensure high quality single audits.

GASB Statement No. 101 has significantly broadened the definition of compensated absences that governments must accrue, sometimes resulting substantially higher liabilities within their financial statements. This session will discuss both the technical requirements for estimating the liability as well as practical aspects of explaining the changes and preparing to record these liabilities. The standard is effective for years ending December 31, 2024, and later so there is no time to lose.

Learning Objectives:

• Identify the basic requirements of GASB Statement No. 101
• Indicate the standard’s application to various real-life scenarios

The IRS and other regulators have "stepped up" scrutiny and reporting requirements for related party ("insider") transactions. And many agencies have diverging definitions and reporting issues. This session will survey various rules, requirements, and reporting - including Schedule L (Form 990).

Learning Objectives:

• Recognize various related party reporting requirements in place today.
• Identify the reporting needed for Form 990, Schedule L and tips on completing the form.

Come learn about the OMB Compliance Supplement and key changes included in the 2024 OMB Compliance Supplement. Whether you’re a seasoned auditor or new to Single Audits, understanding how the OMB Compliance Supplement is required to be used and understanding changes made is a critical element of performing quality Single Audit engagements.

Learning Objectives:

• Recognize components of OMB Compliance Supplement and how the various Parts and Appendices are used when performing Single Audits
• Distinguish key changes included in the 2024 OMB Compliance Supplement
• Identify changes made to key Federal programs included in Part 4

Join me, Kate Koraia, MBA, SIAP & Technology Trailblazer 2024, for an insightful session on "The Evolution of Artificial Intelligence in Accounting: Integrating Human Expertise and Technological Advancements." This session will delve into how AI and automation technologies are revolutionizing accounting practices, transforming traditional workflows, and enhancing overall efficiency, all while maintaining a critical human element. We will explore the current challenges faced by accounting professionals, including regulatory compliance, data security, talent shortages, and resistance to technological change, emphasizing how human expertise remains vital in navigating these issues. Discover how AI-driven solutions are addressing these challenges by automating data entry, improving financial forecasting, managing expenses and invoices, and enhancing fraud detection and risk management, allowing accountants to focus on more strategic and value-added activities. Looking forward, we will examine the future trajectory of AI in accounting, discussing advancements in virtual assistants, blockchain integration, continuous learning systems, and enhanced data security measures. We will emphasize the importance of balancing automation with human intuition and judgment, highlighting how the strategic integration of AI can empower accountants to make more informed decisions and provide personalized client services. Finally, we will explore the potential for customized AI solutions tailored to the unique needs of different industries, ensuring that accounting firms are well-equipped to thrive in an increasingly dynamic and technologically advanced landscape. This session underscores that while AI enhances efficiency and precision, the human element remains irreplaceable in providing strategic insight, fostering client relationships, and driving innovation. Join us to stay ahead of the curve and embrace the future of AI in accounting, where technology and human expertise work hand in hand as co-pilots.

Learning Objectives:

• Identify AI's transformative impact on accounting practices and its role in enhancing human expertise.
• Identify current challenges in the accounting and nonprofit industry and how AI addresses these issues.
• Compare AI solutions that improve productivity, accuracy, and decision-making in accounting.
• Distinguish future trends and advancements in AI, emphasizing collaboration between AI and human professionals.
• Analyze the potential for customized AI solutions tailored to various accounting needs of the nonprofit industry.

This session will explore effective strategies, best practices, and software to manage restricted grants, focusing on compliance, reporting, and budget optimization. Attendees will learn how to navigate complex grant requirements, ensuring timely spend of each grant, and monitoring compliance with donor restrictions, and automating allocation of expenses to grants.

Learning Objectives:

• Determine ways to streamline current grant management processes, ensuring timely expenditure of grant funds, compliance with donor restrictions, and automated allocation of expenses to grants.
• Identify how to project a nonprofit’s funding gap/excess, proactively applying for budget modifications, and optimally calculate the budget section as nonprofits apply for new grants.

In this session we will discuss the current status of the GASB’s Revenue and Expense Recognition Project and the progress made towards the development of a due process document next year. We will highlight some of the major Board decisions about recognition in Category B transactions and some of the changes made since the Preliminary Views. We will highlight the items that remain up for redeliberation.

Learning Objectives:

• Identify the reasons the GASB is taking a broad look at revenue and expense recognition.
• Analyze the GASB's new approach for categorization of transactions.
• Identify the recently made tentative decisions about Category B transactions.

This session will feature a quick-paced summary of the past 12 months in the nonprofit tax arena including areas of current IRS and state regulator scrutiny, effectively communicating with the IRS in the new normal, recently issued guidance, recent court cases relevant to nonprofits, communications from IRS TE/GE, residual COVID-19 issues, clean tax credits, hot topics, and nonprofits in the news.

Learning Objectives:

• Recognize important new nonprofit tax and legal developments within the two to three years
• Identify how nonprofits and governmental regulators have navigated operating in the "back-to-normal" post-COVID-19 pandemic world
• Recognize how government pronouncements may affect an organization or an organization one works with

In this session we will explore the requirements of internal controls over compliance testing as required by Uniform Guidance, identify common pitfalls, and explore lessons learned, tips and tricks, and understand opportunities for improvement.

Learning Objectives:

• Apply the seven steps of evaluating internal control over compliance
• Identify common pitfalls when testing internal controls over compliance
• Apply lessons learned, tips and tricks, and understand opportunities for improvement

This session will give an overview of the GASB pronouncements that become effective in the coming fiscal years. The session also will explain some of the projects on GASB’s current technical agenda and research agenda.

Learning Objectives:

• Identify the accounting and financial reporting requirements in Statements recently issued by the GASB.
• Apply Statements recently issued by the GASB.

* Summary of the current landscape of federal and state employment tax issues and challenges in dealing with federal agencies

Learning Objectives:

• Identify potential federal and state employment issues
• Apply strategies to address these issues, including challenges in dealing with federal agencies
• Use policies and practices to proactively avoid the issues when possible

What are rules for the 12 points of compliance covered in a single audit and what could go wrong? This session provides a deep dive into each of the compliance requirements and challenges with each. We'll highlight common audit findings in each area.

Learning Objectives:

• Identify the 12 compliance requirements and their individual requirements
• Recognize common compliance issues and the common audit findings in each area
• Apply tips and tools for avoiding errors in these areas

This session will (1) review the requirements in the recently issued GASB Statement No. 102, _Certain Risk Disclosures_, and (2) provide practical guidance on how to identify your concentrations and constraints to comply with the requirements in that Statement.

Learning Objectives:

• Identify the basic requirements of GASB Statement No. 102, Certain Risk Disclosures
• Indicate how the standard applies to real-life scenarios
• Identify situations and circumstances where disclosures under this standard would be required

The current expected credit loss (CECL) model under Accounting Standards Update (ASU) 2016-13 isn't just for banks and financial institutions - it applies to not-for-profit organizations too. This session will provide an overview of the impact this standard has on a not-for-profit's financial statements and considerations that will impact the allowance for uncollectible accounts and loans receivable, as well as an overview of the revisions that were made to the AICPA's Not-for-Profit Audit Guide in relation to this standard.

Learning Objectives:

• Identify the impact of CECL on a not-for-profit's financial statements.
• Distinguish the additional considerations of current and expected trends when evaluating the uncollectible allowance.
• Determine the items to which CECL applies.

A repeat topic from prior years that is highly important - using case studies and example schedules of expenditures of federal awards (SEFAs) to select major programs, this session will provide the steps involved in major program determination in a single audit environment. There are required steps that an auditor must perform, in a specific sequence, to identify major programs. Come learn and apply these steps to avoid an audit failure.

Learning Objectives:

• Identify the proper steps to perform major program determination in a single audit environment
• Identify the proper major program determination steps to avoid audit failure
• Recognize best practices and tips in determining major programs

[custom image] Join us virtually for gentle stretches you can do right at your desk to release tension and reset your posture. Melt away any remaining stress with a quick, guided meditation set to calming music. Leave feeling relaxed and focused! Beginners welcome. Wear comfortable clothes. No props needed. Live on Zoom. Video optional. 20 minutes.

Please complete this online waiver prior to joining the session(s).

Leveraging what we have learned from the implementation of SAS 143 and SAS 145 this session will focus on the considerations unique to the government environment. This session will focus on the evaluation of common estimates in government financial statements as well as the overall risk assessment process considering the potential complexities of the reporting entity.

Learning Objectives:

• Identify estimates specific to government reporting and understand considerations under SAS 143.
• Analyze the SAS 145 risk assessment approach specific to the government environment.
• Indicate resources in the State and Local Government Accounting and Audit Guide.

Prove your skills by answering the Form 990 quiz show questions and see how you do!

Learning Objectives:

• Identify errors in Form 990 preparation.
• Determine ways to mitigate real and potential "red flags" to the IRS and the Form 990 user community.
• Apply Form 990 review and preparation tips.

Sampling is a crucial component of designing an audit of major programs in a single audit. This session will delve into the use of sampling in compliance testing for single audits, providing a framework for understanding the different types of sampling methods and techniques that can be used. Additionally, we will discuss the factors that should be considered when determining the appropriate sample size.

Learning Objectives:

• Identify the key steps of audit sampling
• Determine sample sizes based on risk assessment
• Analyze compliance requirements and sampling populations

Grow your GASB knowledge and find solutions to challenging issues surrounding state and local government (SLG) financial statements in this fast-paced lightning round of Q&A.

Learning Objectives:

• Recognize some of the common misconceptions with a myriad of accounting issues in SLG financial statements
• Identify how to properly account for complicated types of transactions

In this highly informative session, we invite you to delve deep into the world of endowment accounting and disclosures. Gain a comprehensive understanding of the various types of endowments, including restricted, unrestricted, and quasi-endowments, as we unravel their unique characteristics and implications. From initial recognition and measurement, to tracking and unitization concepts, to subsequent valuation and reporting, you'll gain invaluable insights into the nuances of accounting for and accurately disclosing these vital financial resources.

Learning Objectives:

• Identify the appropriate accounting for donor-restricted and quasi endowments depending on the nature of the gift.
• Identify the necessary disclosures required for endowments under generally accepted accounting standards.

Building upon the sampling concepts covered in a previous session, this session will provide participants with practical applications of these concepts in real-life situations auditors may face. We will identify the types of evidence necessary and use various case studies to help participants evaluate the audit evidence obtained and address difficult obstacles.

Learning Objectives:

• Determine auditor considerations related to population completeness, calculations of sample sizes, and risk assessment to submit
• Identify how to select sampling units using case study examples

The presentation will discuss the latest trends in occupational fraud to impact the public sector. Through the use of actual investigation case studies and examples, we will discuss the most common fraud schemes impacting the public sector. The presentation will also discuss effective internal controls that can be used to deter various common fraud schemes and will illustrate the use of data analytics in the detection of occupational fraud.

Learning Objectives:

• Analyze the most prevalent occupational fraud schemes that impact the public sector industry
• Identify common red flags of those fraud schemes
• Determine effective internal controls to deter those fraud schemes
• Compare data analytics that can be used to assist in the detection of those fraud schemes.

One of the biggest disappointments among financial statement users is the lack of truly useful information that is contained in current management discussion and analysis (MD&A). Statement No. 103 attempts to address these issues by adding significant guidance to preparers in making MD&A more useful. This session will provide a broad overview of GASB Statement No. 103 changes and then quickly focus on the new MD&A requirements.

Learning Objectives:

• Identify the basic requirements of GASB Statement No. 103
• Apply tips and tricks for preparers and their auditors to write a more useful MD&A

Learn how, with a little extra planning and preparation, you can avoid common errors identified during peer reviews of not-for-profit (NFP) audits. In this session, we will explore some of the most common and significant errors in the audit work and the NFPs’ financial statements, and what you can do to avoid those errors.

Learning Objectives:

• Identify the most common problems in audit work and NFP financial statements.
• Recall best practices to avoid common problems.

_Join us to learn about the intricacies of Single Audit Findings, a critical component of financial compliance for entities receiving federal funds. Our presentation will delve into the life cycle of an audit finding, from identification to resolution, and will provide a comprehensive overview of the roles and responsibilities of both auditors and auditees._

Learning Objectives:

• Distinguish between the responsibilities of the auditors and the auditees throughout the single audit process.
• Identify the stages in the life cycle of a single audit finding, including identification, evaluation, reporting, and follow-up.
• Recognize the auditee's role in responding to findings, including the formulation of responses and the implementation of corrective actions.

In this session we will discuss the current status of the Revenue and Expense Recognition Project and the progress made towards the development of a due process document next year. We will highlight some of the major Board decisions about recognition in Category B transactions and some of the changes made since the Preliminary Views. We will highlight the items that remain up for redeliberation.

Learning Objectives:

• Identify the reasons the GASB is taking a broad look at revenue and expense recognition.
• Analyze the GASB's new approach for categorization of transactions.
• Identify the recently made tentative decisions about Category B transactions.

Don't miss this informative session on complex, odd and strange accounting issues faced by not-for-profit organizations. Accounting professionals will focus on types of transactions that require extensive research and judgement where authoritative guidance requires judgement.

Learning Objectives:

• Identify odd, complex and strange transactions
• Recognize when situations require extensive research and judgment using walk-through examples faced by not-for-profit organizations
• Identify practical ways to research and document sound decisions and conclusions

SAS No. 145 does not fundamentally change the key concepts underpinning audit risk. Rather, it clarifies and enhances certain aspects of the identification and assessment of the risks of material misstatement to drive better risk assessments and, therefore, enhance your audit quality. This session will address the common challenges encountered during risk assessments for single audits in alignment with SAS No. 145.

Learning Objectives:

• Differentiate between SAS Nos. 145 and 148 and determine how SAS No. 148 applies to a Uniform Guidance Audit.
• Identify the nuances of assessing the risk of material noncompliance and inherent risk.
• Distinguish between "direct and material” assessments and risk of material noncompliance.

A refresher in the basics of governmental accounting and financial reporting, providing a plain-language overview of the contents of the financial report, the financial reporting entity, accrual versus modified accrual, government-wide versus fund reporting, exchange and nonexchange transactions, and other fundamentals.

Learning Objectives:

• Recognize basic elements of governmental accounting and financial reporting
• Identify the contents of the governmental financial reporting model
• Distinguish differences between accrual and modified accrual accounting
• Identify the types of nonexchange transactions and how they should be accounted for

This session will provide an update from the Auditing Standards Board, with a focus on the key adjustments presented in SAS Nos. 143–149, as well as outline how the new standards impact previous audit procedures and reporting practices. Attendees will gain an understanding of the clarified focus on assertion-level risk assessments and the impact of significant estimates on audit risk assessments. This session will also investigate best practices identified from the implementation of the new standards and review upcoming standards and updates.

Learning Objectives:

• Analyze the impact the new auditing standards on audit risk assessments.
• Apply best practices learned from the application of the new SASs under different audit methodologies.
• Identify key changes in terminology outlined in the standards.
• Recognize upcoming standards and other updates.

Join us as we delve into the intricacies of subrecipient monitoring and equip you with the knowledge you need to navigate this complex landscape effectively. Key focus areas will include: understanding the requirements of 2CFR Part 200, delineating between subrecipient and contractor, the importance of subrecipient monitoring, how to effectively document activities as both a pass-through entity and a subrecipient, and stepping into the shoes of an auditor to understand the Single Audit review process.

Learning Objectives:

• Recognize the importance of subrecipient monitoring and how to effectively communicate that importance to stakeholders
• Distinguish the regulations of 2 CFR Part 200 pertaining to subawards
• Identify how to prepare for the single audit practices pertaining to subawards (preparing the schedule of expenditures of federal awards [SEFA], documentation review, award agreement language, etc.)

Since it isn't possible to attend every session of the conference, participate in this session to hear summary-level highlights of the key points from every session in the conference!

Learning Objectives:

• Identify key learning points and observations from a wide range of conference session topics.
• Identify applicable updates for the not-for-profit and government industry that enable success in an organization.