2024 Annual Update for Not-for-Profit Accountants & Auditors Webinar

Jun 14
9:00 - 5:00 p.m.

Online

8-A&A
CPE Credits

The Not-for-Profit Advisory Committee (NAC) has been meeting with FASB to discuss the impact of various standards on the nonprofit community. We'll look at the work of the NAC and the impact they've had. We'll then transition to the Accounting Standards Updates (ASUs) issued by the FASB that impact nonprofit entities. We'll review year 2 considerations of the leases standard. We'll also review common nonprofit deficiencies identified in peer review. Once we've wrapped up the accounting update, the course shifts to the audit side of the house with a look at what's going on at the AICPA. We'll review the impact of the changes to group audits as the changes coming down the pike for quality management. This course will keep auditors up to date on the work of the ASB. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

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

Recall changes to financial reporting for nonprofits
Recognize the impact of audit changes on nonprofit audit engagements

Highlights

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

The Not-for-Profit Advisory Committee (NAC).
Accounting Standards Updates (ASUs).
Year 2 considerations of the leases standard.
Common nonprofit deficiencies identified in peer review.
What's going on at the AICPA.

Registration

PICPA Member: $239
Nonmember: $339

More Information

Course No. GA24NFA8 Level: Update

Prerequisites: Prior experience with nonprofit GAAP and GAAS

Notes
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Speaker(s)

Melisa Galasso

Melisa F. Galasso, CPA
Galasso Learning Solutions LLC

Melisa Galasso is the founder of Galasso Learning Solutions, LLC. She has nearly 15 years of experience in the accounting profession including in public accounting, education and industry. She specializes in creating custom training courses that promote genuine learning and drive improved outcomes. Melisa teaches courses in advanced technical accounting and auditing, including not for profit and governmental accounting, as well as courses dealing with essential professional and soft skills. Her goal is to customize each course to deliver exceptional return on investment by leaving each participant with actionable takeaways and clear means to apply what was learned. Melisa monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

She is a member of and frequent instructor for the American Institute of Certified Public Accountants (AICPA), the North Carolina Association of Certified Public Accountants (NCACPA), and the Virginia Society of Certified Public Accountants (VSCPA). Melisa served as Past-President of the Board of NCACPA’s Charlotte Chapter and is Past-Chair of the A&A Committee for the NCACPA. She was appointed in 2016 to the AICPA’s Technical Issues Committee (TIC) which is responsible for monitoring the activities of the various accounting and attestation standard setting boards and submitting comments and recommendations during the due process phase.

She was recognized as a Super CPA by Virginia Business Magazine in 2007 and received the 2013 Women to Watch - Emerging Leader Award from the NCACPA and AICPA. She is also a graduate of the 2014 class of the AICPA’s Leadership Academy. In 2016, Melisa was honored as one of the 50 Most Influential Women by the Mecklenburg Times and received the Top 5 Under 35 Award from the VSCPA. She received a 5.0 Speaker award from the NCACPA in 2015 and 2016. In 2016, Melisa received the Don Farmer Award from the NCACPA for the highest combined average scores on knowledge, skills, and materials from participant evaluations for all courses taught in a technical area. In 2017 Melisa received the AICPA Outstanding Discussion Leader Award.

Melisa received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University. Melisa has also completed the Association for Talent Development (ATD) Master Trainer™ Program.

2/2018