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.

Keep up with the latest developments in auditing standards. This session will explore recent updates and their implications for audit planning, risk assessment, and financial reporting. 

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 will define what operational risk is and why it matters, highlight key risk categories, and offer practical tools for assessing, prioritizing, and mitigating risks. Real-world examples will illustrate how proactive risk management strengthens organizational resilience.