The nonprofit sector is as vast and diverse as the state of California itself. While nonprofits have earned the trust of the public, most people understand nonprofits to be forces for good in their communities, they often don't realize the economic and (potential) political power of the sector. Unfortunately, 2025 has brought an unprecedented series of attacks on the sector from the new federal administration. This session will offer an overview of the importance of nonprofits, the ways in which they shape and are shaped by our public life, and the importance of nonprofit engagement in public policy debates. It will also delve into the new federal threats to the sector, how California is responding, and key legislation that will impact nonprofits at both the state and federal level. 

In this session, the FASB’s lead staff member for the not-for-profit (NFP) sector will guide us through the latest developments in GAAP that are noteworthy for NFPs. We'll discuss new and recent Accounting Standards Updates (ASUs); key implementation matters on recent standards; and select projects in the FASB's pipeline. We'll focus especially on the following: the FASB’s current agenda and its public agenda consultation; recent and pending ASUs (e.g., Applying CECL to Short-Term Receivables) and ASUs now effective (e.g., Common Control Leasing Arrangements, Crypto Assets); and various current technical agenda projects (e.g., Software Development Costs, Environmental Credit Programs).  

Join us for a session exploring important tax updates from the US Department of the Treasury, Congress, and the IRS and its implications for tax-exempt organizations. We’ll address the changing tax landscape and provide insight into recent tax rulings and updates, the state of the IRS, and potential changes as well as congressional guidance and several other key topics.  

With all the funding cutbacks facing the not-for-profit industry, it is more important than ever to harness the potential of generative AI to get more done with fewer resources. This session will demonstrate many practical ways that this technology can be applied. You will leave this presentation with a better understanding of how you can safely apply this powerful technology as your digital assistant. 

In this session, you will enhance your understanding of very timely and relevant cybersecurity principles, threats and risks – and learn why an effective, executive-led cybersecurity management program is so important for NFPs. You’ll also gain appreciation why cybersecurity management may in fact be more important for NFP’s than for for-profit entities. Additionally, since the manner in which managing cybersecurity varies so much among NFPs, you will learn how to move forward on your own entity’s cybersecurity maturity path through implementation of a cybersecurity program using proven methodologies. Finally, since harmful cybersecurity incidents are becoming the rule, and not the exception, the presenters will provide best practice learnings about how to respond and recover from cybersecurity incidents (hint: you’ll want to implement a cybersecurity incident response plan). The presenters are Cybersecurity professionals from SingerLewak’s Business Informatics practice and bring with them experiences from decades of sound cybersecurity, information systems, internal controls and incident response projects and internal roles. 

This session will provided an update on the Single Audit area. This will include a focus on the 2025 compliance supplement, status of current uniform guidance updates, and the latest developments with government funding and impacts. Gain insight to help ensure compliance and streamline audit processes. This will help your organization navigate the changes in the regulatory guidance as well as provide an overview of those update as they are available. 

In this session, we will discuss the 10 most common financial statement errors unique to nonprofit organizations. This session will highlight how these frequent missteps impact compliance, transparency, and organizational credibility. We will identify and explore practical procedures/policies that could be put in place to prevent and correct such errors. This session is designed to help nonprofit professionals enhance the accuracy and reliability of their financial reporting, ensuring stronger financial health and stakeholder trust. 

This session will cover recent and upcoming changes to audit standards as well as the quality management standards. Additionally, this session will cover recent developments for review, compilation and preparation services.

A detailed review of selected Form 990 supplemental schedules. The discussion will include insights into public support calculations, lobbying, financial and compensation disclosures. In addition to explaining the rules, the presenters will discuss common mistakes and planning strategies. 

Join us for a session to cover revenue recognition for not-for-profit organizations. We will cover the basics of revenue recognition including distinguishing between exchange transactions and contributions, the five step process for recognizing exchange transactions and how to account for contributions. Additionally, we will walk through examples for all of the above types of transactions. 

This session explores practical strategies to strengthen organizational resilience by identifying, assessing, and mitigating operational risks. Participants will examine six key categories of operational risk—including process, people, technology, and compliance—and review real-world case studies, internal control measures, and tools for fostering a risk-aware culture.