Sessions For June 20

6:30AM-4:00PM

7:00AM-8:00AM

20

Wednesday
7:30AM-8:45AM

51. Common Findings and Exceptions

Instructor: Divya Gadre, Andrea Wilson
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

In this session, we will discuss common findings that auditors and auditees stumble upon during a Single Audit and discuss best practices for how findings should be written by auditors to include all necessary disclosures and provide the appropriate context. We will also explore best practices for auditees to avoid these common findings, how to respond to findings if they occur and best practices for how to remediate findings.

Learning Objectives:

  • Provide auditors and auditees the information that they need to ensure findings identified in a Single Audit contain the required information necessary to report such findings and best practices for how to provide the appropriate context.
  • Provide auditees with best practices for how to avoid common findings, and how to appropriately respond to and remediate findings in a Single Audit.

20

Wednesday
7:30AM-8:45AM

52. Attributes of High Performing Organizations

Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Personnel/Human Resources
CPE Credits: 1.5

All organizations are facing employee engagement challenges. National studies show that low employee engagement is continuing to cost organizations billions of dollars in lost productivity. Even though organizations invest significant time and resources to build a talented team, most organizations are not focused on employee engagement. Learn how a focus on four attributes of high-performing organizations can help your organization to improve employee engagement and, ultimately, increase overall organization performance.

Learning Objectives:

  • Identify critical market challenges facing employers.
  • Learn how employee engagement impacts overall business performance.
  • Gain insights on four key strategies for strengthening employee engagement and business performance.

20

Wednesday
7:30AM-8:45AM

53. What You Don't Know CAN Hurt You

Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Finance
CPE Credits: 1.5

Let's face it: risk management and commercial insurance is a specialized field with a language all its own. The average nonprofit CFO seldom has time to master the discipline, let alone proactively manage risk, and it's the rare exception that someone actually reads a set of insurance policies from front to back. This interactive session led by a nationally-acclaimed nonprofit risk and insurance practitioner will explore -- in Plain English -- the 10 most common mistakes that buyers make in arranging their asset protection. Drawing on real-life examples and anecdotes, the presenter will share practical, actionable strategies to manage hazard and operational risk, bulletproof a corporate insurance portfolio, and maximize value in today's intensely competitive marketplace.

Learning Objectives:

  • Apply today's top operational threats to nonprofits
  • Apply session information to inform decisions on commercial insurance and related services

20

Wednesday
7:30AM-8:45AM

54. Internal Controls: Ten Things You Should Know About Internal Controls

Instructor: Melissa Harman, Laura Roos
Track: Accounting & Auditing, Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing, Auditing (Governmental)
CPE Credits: 1.5

Don't miss this informative and easy-to-follow session about the ten things you should know about internal controls. Audit professionals will cover internal audit basics to help your financial team.

Learning Objectives: Learn how to:

  • Assess the state of controls at your organization
  • Create useful financial reporting
  • Document policies and procedures
  • Determine next steps upon receiving a management letter
  • Recognize the most common deficiencies

20

Wednesday
7:30AM-8:45AM

55. Proactive & Practical Application of the FASB Standards

Instructor: Kris Ray, Katie Thornton
Track: Accounting & Auditing, Yellow Book
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

This session will provide example analyses, tools and footnotes for nonprofits on current and new FASB standards.  The information provided will come from real life nonprofit financial statements and will explore a variety of new standards, such as CECL, leases, consolidations and service concession agreements.

Learning Objectives:

  • Apply practical applications of various NFP related FASB standards
  • Determine example disclosures

20

Wednesday
7:30AM-8:45AM

56. Operating Abroad - Risks and Reporting

Instructor: Tim Stiles, Curtis Saueressig
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

For a not-for-profit to implement activities internationally, it must navigate various risks and challenges, which include complying with in-country requirements as well as reporting back to the IRS. This session will provide a blend of technical and practical advice for attendees, covering a wide range of topics from the elements that contribute to in-country tax and regulatory exposure (permanent establishment, entry and exit considerations, and “traps for the unwary” with respect to employee travel on a global scale) to Form 990 Schedule F reporting.

Learning Objectives:

  • Participants will come away with key risk areas contributing to in-country tax exposure.
  • Participants will gain insights into reporting foreign activities on the Form 990, including Schedule F.

20

Wednesday
7:30AM-8:45AM

UP7. Health Care Organizations Revenue Recognition Unplugged

Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

This session will dive deeper into the impact of the revenue recognition standards of health care organizations.

Learning Objectives:

  • Analyze impact of ASC 606 on health care organizations Discussion around appropriate disclosures

8:45AM-9:00AM

20

Wednesday
9:00AM-10:15AM

57. Telling a Story: Single Audit Reporting

Instructor: Laurie De Armond, Divya Gadre
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

In this session, we will explore the reporting requirements under the Single Audit Act from both the auditee and auditor perspective. We will discuss how to present findings with the appropriate context to assist Federal agencies in assessing the impact on the program and the steps management is taking to correct the issue. We will discuss any new changes or things that we have seen in practice that cause challenges for organizations and auditors.

Learning Objectives:

  • Learn about current reporting requirements under the Single Audit Act
  • Discuss best practices for reporting findings
  • Explore challenges to reporting under the Single Audit Act we see in practice and discuss ways to address these challenges

20

Wednesday
9:00AM-10:15AM

58. To Stop Fraud, You Have to A-T-T-A-C-K Fraud

Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Auditing, Management Services
CPE Credits: 1.5

Do you know where the fraud is in your organization? Fraud can be found in every organization, but you can stop it from growing and festering. In this session, you will learn how to A-T-T-A-C-K fraud by using the fraud triangle, create a positive, anti-fraud tone-at-the-top, and conduct a fraud risk assessment in order to implement effective controls. Walk away with a set of best practices that can be implemented immediately.

Learning Objectives:

  • Identify steps to prevent fraud Discuss the three elements of the fraud triangle

20

Wednesday
9:00AM-10:15AM

59. Common NFP Financial Statement Mistakes

Instructor: John Mattie, Dennis Morrone
Track: Accounting & Auditing, Yellow Book
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing (Governmental)
CPE Credits: 1.5

As financial reporting continues to become more complicated, we will focus those in attendance on the most common financial statement deficiencies, including common peer review findings.

Learning Objectives:

  • Identify the more common financial reporting deficiencies and effective strategies to prevent them
  • Learn about common peer review findings from a financial reporting perspective and how such deficiencies can impact users of financial statements view of an organization's financial position and performance

20

Wednesday
9:00AM-10:15AM

60. Auditing Standards Board Update

Track: Accounting & Auditing, Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

This session will provide an update on the latest auditing standards board standard-setting activities including the proposed new auditor's report model, new projects on risk assessment and estimates, and audit evidence with a particular focus on the impact of new technologies such as blockchain, and data analytic techniques.

Learning Objectives: Recognize:

  • The impact of recently adopted or effective audit and attest standards and guidance.
  • The objectives and timing of proposed new standards.

20

Wednesday
9:00AM-10:15AM

61. Tax Reform Impact on 990 and 990-T Reporting

Instructor: Jody Blazek, Jane Searing
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Tax reform impacts Forms 990 and 990-T even though the IRS budget didn't allow 2017 revisions. We must not only study new code, but also interpret how changes should be reported. Organizations may need to implement systems for collecting data. This session will discuss changes to the law and how practitioners can assist clients to collect appropriate information whether or not the forms change for 2018.

Learning Objectives:

  • Learn how changes in the tax law and other regulatory changes may affect tax reporting for exempt organizations.
  • Learn about other regulatory changes regarding donor advised funds, partnership audit regulations and whatever else is proposed by the Treasury Department.

20

Wednesday
9:00AM-10:15AM

62. 990 Issues for Small Organizations/Practices

Instructor: Dave Moja, Brian Yacker
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will cover issues impacting small organzations and practiioners on the Form 990.
Learning Objectives:
Discern tips and traps in Form 990 filing that should be of concern to your organization.
Identify areas where other, like organizations and/or practitioners need guidance in Form 990 preparation.

20

Wednesday
9:00AM-10:15AM

UP8. Tax Issues for CFO's and Auditors

Track: Accounting & Auditing, Tax
Knowledge Level: Intermediate
Field of Study: Auditing, Taxes
CPE Credits: 1.5

This unplugged session provides participants not focused on tax issues a forum to discuss some of the top items auditors and CFOs should look for that could be a tax red flag. This session will also provide a forum to ask questions that are relevant to their organization or issues they run across in serving as an auditor.
Learning Objectives:
Describe basic tax concepts affecting nonprofit organizations
List general tax issues that an auditor or CFO may confront

10:15AM-10:45AM

20

Wednesday
10:20AM-10:40AM

LL6. Internet Solicitation: Does “Donate Here” Really Mean “Donate Everywhere”

Knowledge Level: None
Field of Study: None
CPE Credits: None

This Learning Lab will provide a discussion of charitable contribution solicitation and the resulting compliance issues it can create.

Learning objectives:

  • Understanding what creates nexus when soliciting charitable contributions.
  • Oracle

20

Wednesday
10:45AM-12:00PM

63. Advanced Single Audit Issues

Instructor: Mary Foelster, Brittney Williams
Track: Yellow Book
Knowledge Level: Advanced
Field of Study: Auditing (Governmental)
CPE Credits: 1.5

This session will discuss several of the more advanced nuances of performing a single audit. Topics covered will include: Planning issues; Performance issues; Reporting issues; and Your questions!

Learning Objectives:

  • Interpret advanced single audit topics
  • Evaluate areas that often cause confusion among experienced auditors in a single audit

20

Wednesday
10:45AM-12:00PM

64. Preparing for a Successful Audit

Track: Accounting & Auditing, Yellow Book
Knowledge Level: Intermediate
Field of Study: Auditing, Auditing (Governmental)
CPE Credits: 1.5

Most smooth and successful audits require significant coordination between both the auditor and the auditee. How can you better prepare for your next audit? What are some tips that might make your next audit your best audit? We will discuss some actions that can be performed during the year to help ensure no surprises at audit time. Tips will also be obtained from the attendees.

Learning Objectives:

  • Coordinate better between auditor and auditee.
  • Identify actions to be performed during the year to reduce time during the audit.
  • Learn from your peers what has worked and what has not.

20

Wednesday
10:45AM-12:00PM

65. Grants and Contracts to NFPs: Implementing the New ASU

Instructor: Cathy Clarke, Jeffrey Mechanick, Andrew Prather
Track: Accounting & Auditing, Yellow Book
Knowledge Level: Advanced
Field of Study: Accounting (Governmental), Auditing (Governmental)
CPE Credits: 1.5

This session will be a deeper dive into the ASU, beyond what is covered in the GAAP Update session. It will provide a detailed walkthrough of categorizing grants/contracts as either exchange transactions (contracts with customers under ASC 606) or contributions (nonexchange transactions), as well as then determining when a contribution transaction is conditional or unconditional. The session will include several examples and implementation guidance for NFPs to prepare for and manage the impacts to their financial statements.

Learning Objectives:

  • Through both discussion and examples, develop a detail understanding of the requirements of the new ASU and associated implementation matters.
  • Clarify that understanding further through the opportunity to ask questions of the session panelists.

20

Wednesday
10:45AM-12:00PM

66. Accounting and Auditing for Estimates

Instructor: Melissa Harman, Pete Ugo
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing
CPE Credits: 1.5

This session will cover the areas in nonprofit accounting that require significant estimates and give the preparer and auditing perspective on these matters. Examples will be covered in:

  • Discounts on long-term receivables including pledge receivables
  • Collectability and allowances on receivables
  • Allowances on inventories
  • Valuation and impairment of investments
  • Deferred revenue, liabilities and swaps
  • Allocations of expenditures
  • Useful lives and impairment of long-lived assets 
  • Donated goods and services

Learning Objectives:

  • Participants will identify where estimates are used in the financials
  • Session will provide clarity on the responsibilities of management vs. auditors in relation to estimates

20

Wednesday
10:45AM-12:00PM

67. Audit/Tax: Maximizing a Symbiotic Relationship

Instructor: Anthony Panico, James Mulroy
Track: Accounting & Auditing, Tax
Knowledge Level: Intermediate
Field of Study: Auditing, Taxes
CPE Credits: 1.5

This presentation will provide an “out of the box” look at diverse topics in the not-for-profit world as they relate to audit and tax reporting and concepts. The session will help you learn how an audit and tax team can work together to streamline the audit and tax process. Topics covered will include differences in GAAP v. tax reporting on the Form 990, unrelated business income identification, internal controls and Form 990 governance. Pertinent recommendations will be shared as they relate to best practices in these overlapping areas.

Learning Objectives:

  • Learn how tax can work in conjunction with audit team to streamline processes.
  • Learn "Best Practices" regarding audit/tax efficiencies and functions.

20

Wednesday
10:45AM-12:00PM

68. Executive Compensation Issues: Form 990, Schedule J, Deferred Compensation, and More

Instructor: Eddie Adkins, Stephen Clarke
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

With the IRS employing data-driven decision making, and with tax reform a major topic of discussion, it is time to take a look at executive compensation matters, including the world of Form 990 compensation reporting, deferred compensation, excess benefit transactions, fringe benefits, etc. This session will team up two seasoned professionals to explore these issues.

Learning Objectives:

  • Determine common issues associated with reporting executive compensation on Form 990, including Schedule J
  • Explore the impact of tax reform provisions on compensation paid by not-for-profit entities

12:00PM-1:00PM

20

Wednesday
1:00PM-2:15PM

69. Single Audit Failures: Lessons From Quality Reviews

Instructor: Diane Edelstein, Erica Forhan, Carl Mayes
Track: Yellow Book
Knowledge Level: Intermediate
Field of Study: Accounting (Governmental), Auditing (Governmental)
CPE Credits: 1.5

What has the biggest impact on single audit quality? This past year, the AICPA Peer Review Program conducted a study of single audit engagements and identified three factors that strongly correlated to quality performance. The study also provided insights into the most common areas of non-conformity in single audits and uncovered misconceptions that are creating challenges for practitioners. Learn more about the study results and the actions your firm can take in this session.

Learning Objectives:

  • Identify the factors that correlated to quality in single audits and the steps firms and SAOs can take to perform high-quality engagements
  • Identify the most common areas of non-conformity in single audits and what is required under professional standards

20

Wednesday
1:00PM-2:15PM

70. Solidify Your Success: Discover Your Personal Brand

Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Personal Development
CPE Credits: 1.5

Whether it is deliberate or not, you have a brand. Your brand is how your coworkers perceive you. It is developed from how you look, talk, and act. Your brand affects everything from how people respond to you, whether people want to work with you, whether you get the plum assignments, and whether you get that desired promotion. Discover what your current brand message is and how you can deliberately change or strengthen your brand.

Learning Objectives:

  • Identify the various elements that create your personal brand Learn what brand you project to others

20

Wednesday
1:00PM-2:15PM

71. Winning the Talent Game

Track: Specialized Knowledge
Knowledge Level: Intermediate
Field of Study: Personnel/Human Resources
CPE Credits: 1.5

Are you concerned about 'Winning the Talent Game?' You aren't alone. Multiple surveys of CEOs, including those by PwC, KPMG and Deloitte, all cite talent and culture as a priority for CEOs and other leaders. 56% of the CEOs in Deloitte's 2016 study report that their companies are not ready for the leadership needs. In KPMG's 2015 Global CEO outlook survey, CEOs cite hiring and retaining the right talent a priority. If you are a CEO, CFO, C-suite executive, or people leader you won't want to miss this opportunity to engage! Join this session to hear about the latest research and trends to help you shape your talent strategy to appeal to a multi-generational workforce, including the latest GenZ's.

Learning Objectives: After participating in this session, you will:

  • Determine the needs of the Millennials and Gen Z's in the workplace
  • Differentiate in creating an engaging culture
  • Identify latest trends in recruiting, leadership development and performance management

20

Wednesday
1:00PM-2:15PM

72. A&A Ask the Experts

Instructor: Moderator: Chris Cole, Panelists: Melissa Harman, Scott Steffens, James Summer III, Brian Zygmunt
Track: Accounting & Auditing
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing
CPE Credits: 1.5

Ask questions to the A&A experts! Our experts will address any questions you may have and discuss technical issues that have surfaced over the past few years.

Learning Objectives:

  • Apply lessons learns from issues faced by others in practice.

20

Wednesday
1:00PM-2:15PM

73. Tax Issues for Religious Organizations

Instructor: Dave Moja, Charles Watkins
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This session will cover legal and tax issues relevant to religious organizations.

Learning Objectives:

  • Learn about recent developments in tax rules.
  • Identify various issues and trends that may be affect your organization's tax reporting and best practices.

20

Wednesday
1:00PM-2:15PM

UP9. Executive Compensation - Questions and Answers

Instructor: Eddie Adkins, Stephen Clarke
Track: Tax
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

This 'unplugged' session will provide an opportunity to ask two seasoned practitioners questions about executive compensation in not-for-profit entities. There will be no formal presentation. Instead, the entire session will be devoted to answering your questions.

Learning Objectives:

  • Identify key questions that not-for-profit entities are raising regarding executive compensation
  • Learn how not-for-profit entities are addressing various executive compensation issues

2:15PM-2:30PM

20

Wednesday
2:30PM-3:45PM

74. Transforming Ideas Into Action: Best Takeaways for Real-Life Results

Instructor: Moderator: Andrew Prather, Panelists: Laurie De Armond, Michael Forster, Melisa Galasso, Jane Searing
Track: Accounting & Auditing, Specialized Knowledge, Tax, Yellow Book
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing (Governmental), Taxes
CPE Credits: 1.5

We know that you can't attend every session. Share your ideas and learning throughout the event, then join this panel of industry experts as they recap the best and most current ideas that surface throughout the conference, including accounting and auditing standards, new tax law and implementation best practices. Leave the conference with actionable ideas that you can implement when you return to the office. Topics will include information from sessions within all four tracks of content.

Learning Objectives:

  • Identify usable best ideas for implementation within your practice
  • Determine how to integrate the ideas you have gained into your best practices