A&A Update for Nonprofits and Single Audit (2025)

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Overview

This course provides a high-level overview of the most important accounting, financial reporting, compliance and audit issues facing nonprofit entities and their accountants. The focus is on explaining the basis behind major issues and trends in executive summary (yet practical) form, enabling professionals to understand the most important aspects of relevant standards, and the basis for any potential changes on the horizon.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Delivery Method: Individual webcast
CPE Credit: Accounting (governmental), Auditing (governmental)
Program Level: Update

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.

Highlights

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

• Current impacts of accounting and financial reporting on nonprofit entities

• Recently released FASB standards that impact nonprofit financial reporting the most

• Current issues and challenges involving Yellow Book financial statement audits

• Critical considerations when performing Single Audits under OMB Uniform Guidance for Federal Awards

• Important AICPA professional standard developments related to providing audit and nonaudit services to nonprofits

Prerequisites

Familiarity with GAAP, SAS, Yellow Book and Single Audit

Designed For

Anyone who is responsible for preparing financial statements or performs financial statement or Single Audits

Objectives

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

Recall recent developments of the FASB, GAO, OMB and AICPA relevant to nonprofit entities
Analyze the impact of new technical, professional, and regulatory requirements on nonprofit entities
Recall current accounting, reporting, and compliance issues faced by nonprofit entities
Apply best practices to minimize noncompliance with Yellow Book and Single Audits

Preparation

None

Specialized Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Jennifer Louis, Emergent Solutions Group, LLC

Leader Bios

Jennifer Louis, Emergent Solutions Group, LLC

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of
technical and "soft skills" topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group,
LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training.
She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as
Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting
firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional
career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor.
Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her
husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two
young adult boys.

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