2026/27 Annual Update for Not-for-Profit Accountants & Audit
2026/27 Annual Update for Not-for-Profit Accountants & Audit
CPE Credit:
4
Overview
Description:
This comprehensive annual update brings together key accounting, auditing, and compliance developments affecting not-for-profit organizations. The course integrates recent standard-setting activity, audit and attestation updates, and Single Audit developments to provide a practical view of changes impacting nonprofit financial reporting and oversight.
Participants will begin with an overview of accounting developments affecting not-for-profit organizations, including recently issued Accounting Standards Updates (ASUs) from the Financial Accounting Standards Board and an introduction to the International Non-Profit Accounting Standard (INPAS). Emphasis is placed on understanding the purpose and structure of INPAS and how it compares conceptually to U.S. GAAP requirements for NFPs.
The course then shifts to auditing and attestation developments from the AICPA, including the next phase of quality management with a focus on monitoring and remediation responsibilities. Participants will also review recent and upcoming standards affecting audit, attestation, and consulting engagements, including updates related to SSAEs, SSARSs, exposure drafts on confirmations and fraud, and changes affecting group audits.
Finally, the course addresses recent developments impacting Single Audits for not-for-profit organizations receiving federal funding. Topics include the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, recent guidance issued through the Office of Management and Budget (OMB), and reporting changes related to SAM.gov.
Designed for nonprofit preparers, auditors, and financial leaders, this course helps participants understand how recent accounting and auditing changes intersect-and what to monitor as requirements continue to evolve.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Field of Study:
Accounting (Governmental) (2 CPE)
Auditing (Governmental) (2 CPE)
Instructor
Instructor:
Melisa F. Galasso, CPA
Additional Details
Who should attend:
Nonprofit preparers, auditors, and financial leaders
Program Level:
Update
Program Content:
The major topics that will be covered in this course include:
- Overview of accounting developments affecting not-for-profit organizations, including recently issued Accounting Standards Updates (ASUs) from the Financial Accounting Standards Board and an introduction to the International Non-Profit Accounting Standard (INPAS).
- Auditing and attestation developments from the AICPA, including the next phase of quality management with a focus on monitoring and remediation responsibilities.
- Recent and upcoming standards affecting audit, attestation, and consulting engagements, including updates related to SSAEs, SSARSs, exposure drafts on confirmations and fraud, and changes affecting group audits.
Learning Objectives:
After attending this presentation, you will be able to…
- Recognize the impact of recently issued accounting standards on not-for-profit organizations.
- Identify key elements and objectives of the International Non-Profit Accounting Standard (INPAS).
- Recall the impact of recent AICPA standards and proposals on audit and attestation engagements affecting not-for-profits.
- Identify key quality management requirements related to monitoring and remediation.
- Recognize changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance.
- Recall key regulatory and implementation updates relevant to Single Audits for not-for-profit organizations.
Prerequisites:
Prior experience with nonprofit accounting and auditing
Advanced Preparation:
None
Developed By:
Galasso Learning Solutions LLC
Format:
Group-Internet-Based
Course Code:
GA26NFA4
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2026/27 Annual Update for Not-for-Profit Accountants & Audit
Course Code:
GA26NFA4
Program Level:
Update
Description:
This comprehensive annual update brings together key accounting, auditing, and compliance developments affecting not-for-profit organizations. The course integrates recent standard-setting activity, audit and attestation updates, and Single Audit developments to provide a practical view of changes impacting nonprofit financial reporting and oversight.
Participants will begin with an overview of accounting developments affecting not-for-profit organizations, including recently issued Accounting Standards Updates (ASUs) from the Financial Accounting Standards Board and an introduction to the International Non-Profit Accounting Standard (INPAS). Emphasis is placed on understanding the purpose and structure of INPAS and how it compares conceptually to U.S. GAAP requirements for NFPs.
The course then shifts to auditing and attestation developments from the AICPA, including the next phase of quality management with a focus on monitoring and remediation responsibilities. Participants will also review recent and upcoming standards affecting audit, attestation, and consulting engagements, including updates related to SSAEs, SSARSs, exposure drafts on confirmations and fraud, and changes affecting group audits.
Finally, the course addresses recent developments impacting Single Audits for not-for-profit organizations receiving federal funding. Topics include the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, recent guidance issued through the Office of Management and Budget (OMB), and reporting changes related to SAM.gov.
Designed for nonprofit preparers, auditors, and financial leaders, this course helps participants understand how recent accounting and auditing changes intersect-and what to monitor as requirements continue to evolve.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Program Content:
The major topics that will be covered in this course include:
- Overview of accounting developments affecting not-for-profit organizations, including recently issued Accounting Standards Updates (ASUs) from the Financial Accounting Standards Board and an introduction to the International Non-Profit Accounting Standard (INPAS).
- Auditing and attestation developments from the AICPA, including the next phase of quality management with a focus on monitoring and remediation responsibilities.
- Recent and upcoming standards affecting audit, attestation, and consulting engagements, including updates related to SSAEs, SSARSs, exposure drafts on confirmations and fraud, and changes affecting group audits.
Learning Objectives:
After attending this presentation, you will be able to…
- Recognize the impact of recently issued accounting standards on not-for-profit organizations.
- Identify key elements and objectives of the International Non-Profit Accounting Standard (INPAS).
- Recall the impact of recent AICPA standards and proposals on audit and attestation engagements affecting not-for-profits.
- Identify key quality management requirements related to monitoring and remediation.
- Recognize changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance.
- Recall key regulatory and implementation updates relevant to Single Audits for not-for-profit organizations.
Who should attend:
Nonprofit preparers, auditors, and financial leaders
Developed By:
Galasso Learning Solutions LLC
Instructor:
Melisa F. Galasso, CPA
CPE Credit:
4
Field of Study:
Accounting (Governmental) (2 CPE)
Auditing (Governmental) (2 CPE)
Prerequisites:
Prior experience with nonprofit accounting and auditing
Advanced Preparation:
None
Format:
Group-Internet-Based
OR
Register By Phone: Call 877.370.2220 and press “1” for the webinar hotline to register
Price
Single Registration
$149.00
Upcoming Dates
- 6/2/2026 @ 10:00 AM
- 6/25/2026 @ 1:00 PM
- 7/3/2026 @ 1:30 PM
- 7/20/2026 @ 1:30 PM
- 8/6/2026 @ 1:00 PM
- 8/19/2026 @ 9:00 AM
- 9/1/2026 @ 9:00 AM
- 9/17/2026 @ 9:00 AM
- 10/1/2026 @ 1:00 PM
- 10/21/2026 @ 1:30 PM
- 11/4/2026 @ 1:30 PM
- 11/18/2026 @ 9:30 AM
- 12/4/2026 @ 2:00 PM
- 12/17/2026 @ 10:00 AM
- 1/4/2027 @ 10:00 AM
- 1/21/2027 @ 9:30 AM
- 2/4/2027 @ 10:00 AM
- 2/16/2027 @ 10:00 AM
- 3/3/2027 @ 10:00 AM
- 3/15/2027 @ 9:00 AM
All times are Eastern Time Zone