Idaho Society of CPAs

Accounting and Auditing Update for Not-for-Profits - Virtual Experience

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  • Date/Time
    • Sep 24, 2025
    • Sign In: 7:30am (MT)
    • Program: 8:00am - 1:50pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA Adobe Platform Webinar, ID 00000
  • Credits
    • 6.00
  • Credit Type(s)
    • Auditing - Governmental (3.00)
    • Accounting - Governmental (3.00)
  • Prerequisites

    • Knowledge of not-for-profit accounting and auditing

  • Vendor
    • AICPA
  • Level
    • Update
  • Fields of Study
    • Government A & A
    • Accounting (Governmental)
    • Auditing (Governmental)
  • Message
    • Virtual Experience

Description

The most effective path to success lies in making yourself indispensable to your clients. Achieving that indispensability requires a robust understanding of your client's business. You'll explore the latest developments affecting not-for-profits including FASB requirements, 0MB, and Yellow Book developments. Moreover, you'll thoroughly review updates to ethics, governmental auditing standards, and accounting for not-forprofits. By participating in this course, you'll ensure you are well-versed in current standards and best practices in not-for-profit accounting and auditing.

  • Qualifies for Yellow Book CPE

Designed For

  • Accounting and finance personnel responsible for accounting and financial reporting for not-for-profits and auditors of those entities

Objectives

When you complete this course, you will be able to:
  • Identify how FASB's accounting updates affect not-for-profit financial statements.
  • Apply FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments -Credit Losses (Topic 326): Measurement of Credit Losses on Financial
  • Instruments, to an example financial instrument.
  • Identify the requirements of recently issued Statements on Auditing Standards (SASs).
  • Identify the requirements of SQMS No. 1, A Firm's System of Quality Management.
  • Identify changes to the AICPA Code of Professional Conduct that affect governments and NFPs.
  • Identify changes made in the Government Auditing Standards 2024 Revision.
  • Recognize changes to the Uniform Guidance.

Highlights

  • Not-for-profit accounting update
  • Revenue recognition in not-for-profits
  • FASB update
  • Auditor's report and conforming changes
  • Auditing Standards Board update
  • Ethics update
  • SQMS No. 1, A Firm's System of Quality Management
  • Governmental auditing update

Advanced Prep

  • Download PDF manual - view your upcoming events in "My CPE" on website
  • Test your computer/device for compatibility with virtual meeting space well in advance of your webinar

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Leaders

Bruce Shepard

Bruce Shepard, CPA Las Vegas, Nevada Bruce Shepard was most recently an assistant professor of accounting at George Fox University and an adjunct professor of accounting at the University of Oregon, prior to becoming an instructor for the AICPA in 2012.

From 2006-2010, Mr. Shepard was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada, where he had full management responsibility for all financial affairs, daily business operations, administration and human resources.

From 1985-2006, Mr. Shepard was in charge of the Middle Market Practice for PricewaterhouseCoopers, LLP in Portland, Oregon, where he served as an Assurance Partner from 1989-2006 focusing on providing proactive business advisory services to fast-growing companies. At PricewaterhouseCoopers, LLP, Mr. Shepard spearheaded over 100 acquisitions and divestitures by leading in the financial structuring and negotiations. He worked with clients to develop strategic plans for short-term and long-term growth. He assisted both start-up companies and beyond start-up companies with attaining their needed growth capital.

Mr. Shepard wrote an article, Financing Entrepreneurs, in 1999 for the Oregon Society of Certified Public Accountants. Mr. Shepard was awarded "Beta Alpha Psi Professional of the Year" in 2006 for sustained involvement with the University of Oregon.

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