17. Navigating the Rough Waters Ahead: Implementation of New Standards

Track: 
Accounting & Auditing
Yellow Book
Field of Study: 
Auditing
Auditing (Governmental)
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
 
8:00AM-8:50AM

Implementation of the new Not-for-Profit Financial Reporting Standard, Revenue Recognition and Leases will quickly be upon not-for-profit organizations. This session will focus on logistics and the corresponding proactive steps that can be taken to avoid the pitfalls of not being prepared to address these requirements.

Learning Objectives:

  • The speakers will share ideas and techniques to facilitate preparation for the implementation of these new standards
  • Participants will be exposed to an example project plan that lays out key steps and a related timeline targeted at assuring readiness


SESSION SPEAKER(S)

CPA
Lead Manager, Not-for-Profit Content Development, AICPA
CPA
Partner, Crowe Horwath LLP