Nonprofit Conference - VIRTUAL

Paul Preziotti, Partner, Johnson Lambert LLP

Brian Yacker, Partner, Baker Tilly US LLP

Mike Gellman, CPA, CGMA

Paul Preziotti, Partner, Johnson Lambert LLP

Please join us for a session to discuss best practices for nonprofit audit committees.  We will discuss topics pertaining to nonprofit audit committees such as:
• Frequency of communication
• Responsibilities of committee members and liaisons
• How to use an audit committee calendar
• Audit committee orientation process
• Communications between the audit committee and other committees

Marc Hamilton, CFO, CDG, Inc.

Discover how Microsoft's Copilot is revolutionizing the way professionals use Excel by integrating AI to simplify workflows. This session introduces its cutting-edge capabilities for improving accuracy, reducing manual tasks, and enhancing decision-making. Unlock Excel's potential to transform how you approach everyday challenges in data management and analysis.

Nakia Bell, Director of Finance, The Brookings Institution

Kelly Metz, Principal, O'Connor Consulting Services

In many respects, adhering to grant compliance requirements is just as important as winning the award in the first place. Whether you've received funding from a federal agency or a private foundation, there's more to do than simply meet program objectives and deliverables. Staying compliant creates an on-going relationship between your organization and your funder and is integral to the successful implementation of any award, regardless of the funding source. Unfortunately, many organizations view compliance solely as a finance or administrative task when, in fact, organizations should take a multi-disciplinary approach to compliance. In this session, we will discuss ways to engage programmatic staff in grant compliance activities, and why it's critical to do so.

Objectives

1. Recall how to take a multidisciplinary approach to grant compliance.
2. Recognize tools and resources for managing compliance responsibilities.
3. Identify practical ways to engage programmatic staff in compliance activities.
   

Elaine Sommerville, Sommerville & Associates PC

Melisa Galasso, Founder & CEO, Galasso Learning Solutions

The 2024 Yellow Book will be effective this year. We will review the changes and how they impact public accounting firms and government audit organizations. The session will help auditors understand how the AICPA Quality Management standards work with the changes in Yellow Book. Then we will transition to Single Audits with a focus on the 2024 Uniform Guidance changes and how they impact both the auditee and auditor. Come ready for lots of changes in the audit world!

Melisa Galasso, Founder & CEO, Galasso Learning Solutions

While we haven't had any nonprofit specific Accounting Standard Updates (ASUs) in the past few years, there are a number of standards that will impact nonprofit organizations. We will review the impact of the ASUs effective in 2025 as well as those coming down the pike! You will leave with a good understanding of what’s going on at the FASB!