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Not-for-Profit Entities: 2024 Industry Developments: Rebroadcast
Not-for-Profit
Webcast

Not-for-Profit Entities: 2024 Industry Developments: Rebroadcast

Get updates on the most pressing issues facing the not-for-profit industry, and learn how management, auditors, and tax preparers can stay on top of new developments.

Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Accounting

Level

Intermediate

CPE Credits

2

Instructor

Carolyn Mollen, Paul Preziotti, Brian Yacker

Availability

3 months

Product Number

WC4498697

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 Business & partner 
Product Details

An update on the issues affecting the NFP industry

In this rebroadcast of the Not-for-Profit Section’s May 29, 2024, webcast, industry experts will update you on:

  • Developments in GAAP and the regulatory environment that are noteworthy for NFPs
  • Key implementation issues on recent standards
  • Other current financial reporting and tax compliance matters

There will be a discussion of audit issues affecting this year's engagements and how they will affect planned audit procedures and reporting practices.

The tax update will include:

  • Donor-advised fund regulations
  • NIL collectives
  • IRS nonprofit audits

Key Topics

  • Nonprofit tax update
  • Recently issued accounting standards
  • Audit issues for NFPs

Learning Outcomes

  • Identify industry, regulatory, and economic developments affecting not-for-profit organizations.
  • Determine the audit issues affecting this year's engagements.
  • Identify the latest not-for-profit accounting concerns and developments.

Who Will Benefit

  • Individuals with knowledge of or interest in the not-for-profit industry
  • Accounting and finance professionals

NFP Banner!

More Details
NASBA Field of Study
Accounting
Level
Intermediate
Prerequisites
Knowledge of the not-for-profit industry
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
2 hrs
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

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2 to 5 registrants

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6+ registrants

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US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Carolyn Mollen
CPA
Carolyn Mollen, CPA is the Chief Financial Officer at the Sherman Fairchild Foundation (SFF). She specializes in not-for-profit accounting and operations issues, with an emphasis on financial reporting, budgeting, technology, and talent management. Prior to joining SFF, Carolyn was the Vice President for Finance and Administration and Treasurer at Resources for the Future. She previously served as the chief financial officer at Independent Sector and as a manager with CliftonLarsonAllen LLP in their outsourcing department. An active member of the Greater Washington Society of CPAs, she has held several leadership roles and currently co-chairs the CFO/Controller Roundtable. She has also served as a member of the Financial Accounting Standards Board’s Not-for-Profit Advisory Committee and the AICPA Not-for-Profit Expert Panel. In addition to her professional commitments, Carolyn is deeply engaged in her community. She serves as Treasurer for Girls Who Hike Virginia and as a board member of OurStoryBridge. She earned her Bachelor of Arts at the College of William and Mary, a certificate in accounting from the University of Virginia, and a Master of Public Administration from George Mason University. She is a licensed CPA in the Commonwealth of Virginia.
Paul Preziotti
Paul Preziotti, CPA, is a Partner for the multi-office CPA firm, Johnson Lambert LLP. He is responsible for providing audit and consulting services to not-for-profit entities and employee benefit plans. He has significant experience serving as an advisor for organizations on a variety of issues including risk assessment, governance, compliance and internal control considerations. A graduate of the University of Maryland, Paul holds both a Bachelor of Science in Accounting and a Bachelor of Science in International Business. He joined Johnson Lambert LLP immediately after graduation. Paul is a frequent speaker on audit and accounting topics at various industry conferences and seminars. He is a distinguished alumnus of the AICPA Leadership Academy, an honor bestowed on fewer than 40 individuals nationally each year. In recognition of his contributions to the growth and enhancement of the accounting profession, he received the GWSCPA’s 2018 Outstanding Member in Public Practice Award. He holds several prominent leadership roles, currently serving as the Chair of the AICPA’s Not-for-Profit Advisory Council and is a past chair of the GWSCPA’s Nonprofit Finance & Accounting Symposium. Additionally, Paul is actively involved in community service, serving as the Treasurer for St. John’s Community Services, Vice President & President Elect for the GWSCPA, a Finance Committee member for United Way of San Diego County, and a member of the governance structure for the Radiation Effects Research Foundation.
Brian Yacker
JD, CPA
Brian Yacker, CPA/JD has nearly 30 years of tax, legal and accounting experience in serving nonprofits. Currently, he is a Nonprofit Tax Partner at Baker Tilly. His areas of expertise include public support test calculations and planning; preparation of reasonable compensation studies; governance best practices consultation; recommendations regarding effective bylaws; conducting of nonprofit governance check-ups; compliance with the §501(h) lobbying safe harbor; proper functional expense allocations; helping nonprofits through IRS and state Attorney General audits; maximizing charity watchdog ratings; preparation of federal and state tax exemption applications; conducting of unrelated business income revenue stream studies; and the proper internal and external reporting of special event fundraisers. Brian is actively involved in the Internal Revenue Service Advisory Council, AAA-CPA, the TE/GE EO Council, the AICPA EO Tax Technical Resource Panel, the AICPA Not-for-Profit Advisory Council, and the ABA Exempt Organizations Committee. Brian teaches nonprofit accounting as an adjunct professor at the University of California, Irvine. Brian earned his bachelor's degree in finance and marketing from the University of Virginia and his juris doctor from the Indiana University School of Law (Bloomington). His personal interests include hiking, camping, sports memorabilia collecting, playing fantasy sports, Asian cooking, and spending time with his wife, two daughters, son, and two dogs.
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