November 29, 2022


2 Total CPE Credits


Nonprofit A&A Series: Session 1-Updates of New Standards

Learning Objectives

  • Consider how to account for and disclose ongoing transactions from COVID-related assistance
  • Learn about the gifts-in-kind standard
  • Consider the impact of the new audit standards on communications with audit committees and board members
  • Plan for changes required by the new lease accounting standard

Major Topics

  • A recap of revenue recognition (606) and grant accounting (ASU 2018-08) implementation with a focus on challenging areas
  • Gifts-in-kind-New standard and review of valuation concerns
  • COVID impact on nonprofit organizations-Financial statement disclosure considerations and accounting for Federal assistance or programs continuing to impact accounting
  • New audit standards and their impact on communications with nonprofit management and those charged with governance
  • Refresher regarding the new lease standard

CPE Credits Available

Total CPE
Accounting & Auditing

Things to Know About This Course


Familiarity with accounting requirements for nonprofits and generally accepted auditing standards

Advanced Preparation


Intended Audience

CPAs, auditors, accountants and financial professionals working in nonprofit organizations


California Society of CPAs

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    $ 79 79
  • ASCPA Non-Member

    $ 109 109
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