Accounting and Auditing Update for Not-for-Profits

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  • Date/Time
    • Sep 25, 2024
    • Sign In: 7:30am (MT)
    • Program: 8:00am - 3:30pm (MT)
    • Add to Calendar
  • Location
    • ISCPA Enrichment Center
      1649 W Shoreline Drive #202
      Boise, ID 83702
    • Map
  • Credits
    • 8.00
  • Credit Type(s)
    • Auditing - Governmental (4.00)
    • Accounting - Governmental (4.00)
  • Prerequisites
    • Knowledge of not-for-profit accounting and auditing

  • Vendor
    • AICPA
  • Level
    • Update
  • Fields of Study
    • Accounting & Auditing
    • Accounting
    • Auditing
    • Not for Profit
    • Accounting (Governmental)
    • Auditing (Governmental)
    • Yellow Book
  • Message
    • ATTENDING In Person


The most effective path to success lies in making yourself indispensable to your clients, and achieving that indispensability requires a robust understanding of your client's business. Explore the latest developments affecting not-for-profits including FASB requirements, OMB, and Yellow Book developments. This course offers a thorough review of updates to the auditor's reporting and conforming standards, ethics, governmental auditing standards, and accounting for not-forprofits. By participating, you ensure you are well-versed in current standards and best practices in not-for-profit accounting and auditing.

  • Qualifies for Yellow Book CPE
  • New guidance is expected to be issued in the first half of 2024 which will have a pretty large impact on this course - that is why we moved it from June to September - to ensure you have access to the most up-to-date information possible.

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:
    • Apply the most recent requirements of the FASB directed toward notforprofits.
    • Recall key pointsRecall key points related to the latest developments in OMB and Yellow Book requirements.
    • Identify recent activities of the AICPA and how they affect the auditor's report.


    • Not-for-profit accounting update
    • Revenue recognition in not-for-profits
    • FASB's lease standard
    • FASB update
    • Auditor's report and conforming changes
    • Auditing Standards Board update
    • Common audit deficiencies
    • SSARS and SSAE update
    • Governmental auditing update

    Advanced Prep

    • Manual
      • If you did not purchase a printed manual, download it from your upcoming events in "My CPE" on website, and bring it with you
      • If you did purchase a printed manual and would also like an electronic copy be sure to download it
    • Review ISCPA Parking Map - found in your email confirmation

    Register Now

    Or Attend Online


    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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