14. Accounting Liabilities of State Reporting Forms: Regulatory Enforcement Issues

Track: 
Tax
Field of Study: 
Taxes
CPE Credit: 
1.0
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Tuesday, June 19, 2018
 
7:00AM-7:50AM

With greater access to the tools for mining the data on the Form 990, state regulators are more closely scrutinizing nonprofits' tax returns and fundraising contracts for regulatory infractions, including high fundraising costs, gifts-in-kind, excessive compensation and improper joint cost allocations. This session is a call to action for accountants working with or in nonprofits to dig deeper into the regulations and understand the risks and legal traps for the organization and the accountants who collaborate with them.

Learning Objectives:

  • Identify legal issues associated with accounting reporting requirements.
  • Analyze the risks and legal traps for accountants and their nonprofit clients who prepare and submit financial reporting forms to states.


SESSION SPEAKER(S)