Accounting & Auditing Update for Nonprofits 1.5 Credits
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Oct 23, 2024 | 10:00 AM ET
The latest developments you need to know.
Learn the latest accounting and auditing developments affecting not-for-profits, so you can prepare financial statements with confidence.
The 2023 nonprofit accounting and auditing update provides an overview of all the upcoming changes to financial reporting. This includes reviewing the new lease guidance under ASC 842, accounting for credit losses, changes to disclosure for contributed non-financial assets as well as other topics relevant to nonprofits.
This CPE Accounting & Auditing webinar discusses key issues that relate to current Accounting Standard Updates (ASUs) specific to the nonprofit industry. You'll learn the latest regulatory updates and recently issued Statements on Auditing Standards (SASs) impacting the nonprofit sector. We also review upcoming changes to auditing standards effective for 2022 and 2023 year ends.
Major topics included:
Join FORVIS Nonprofit Audit Partners for this annual Accounting and Auditing Update for Nonprofit entitles.
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A member of FORVIS National Nonprofit Advisory Services Practice and Center of Excellence. Neely has more than 20 years of audit and advisory experience in public accounting. Her expertise includes financial statement audits, Single Audits, grants management, assessments and compliance, outsourced accounting functions, standards implementation, internal audit procedures, strategic planning, and tax-exempt matters for a wide range of nonprofit entities. Neely also performs forensic work related to various cases for technical matters for nonprofits.
In addition to handling the accounting, consulting, and audit needs of her clients, she advises clients on operational efficiencies, internal controls, and governance issues and routinely shares best practices with clients gained from working with a variety of organizations. She is a highly sought national speaker on technical matters in the accounting community. Neely also served in the United States Navy for four years.
Neely is a member of the American Institute of CPAs, Texas Society of Certified Public Accountants, where she serves as a board member, TXCPA -Dallas, where she serves as a board member and the Association of Certified Fraud Examiners, Inc. She holds the Certified Fraud Examiner (CFE) designation.
She has been involved with many other professional associations, including Dallas Social Venture Partners, Finance Chair, Arthritis Foundation, Dallas Heroes Project, and Great Girls Network. Neely is a 2000 magna cum laude graduate of Old Dominion University, Norfolk, Virginia, with a bachelor’s degree in accounting.
A member of the Nonprofit Practice and the Healthcare Practice, Sara provides an array of audit services to nonprofit and governmental organizations, colleges, universities, charitable organizations, and healthcare providers. She has approximately 15 years of accounting experience, all with this firm. In addition, she is experienced with Single Audit requirements, including the U.S. Department of Housing and Urban Development, U.S. Department of Education, and U.S. Department of Health and Human Services programs.
She has served as an instructor for internal training, is a reviewer for FORVIS’ interoffice inspection program, and has participated in peer reviews of other CPA firms.
Sara is a member of the American Institute of CPAs (AICPA) and the Texas Society of Certified Public Accountants. She holds the AICPA’s Advanced Single Audit Certificate. This certificate requires the ability to evaluate and analyze the core concepts related to client acceptance, engagement planning, engagement analysis, concluding an engagement, and the guiding principles for Single Audits at an advanced level as outlined in the AICPA Competency Framework: Governmental Auditing.
She serves as chair of the board of directors of Child Care Associates in Fort Worth, Texas. Sara is a 2004 magna cum laude graduate of Missouri State University, Springfield, with a B.S. degree in accounting, and a 2005 graduate with an M.Acc. degree.
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PS
The instructors seem to select the most appropriate material for the organizations to focus on with some new pronouncements and the new lease standards. They did spend more time on subjects like the lease standards and the in-kind donations, which seems appropriate.
XZ
Very good training! Learned something new! You can always trust myCPE brings you the most updated information, regulation, technical updates, and so on. I'll definitely introduce this platform to my coworkers who need CPE trainings.
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