Product Image

Not-for-Profit Accounting and Auditing Update

Author/Moderator: Lynda Dennis, Ph.D., CPA, CGFO
Publisher: AICPA
Availability: Varies by Format (See Below)
See Below To Add To Cart
View Online Catalog
Print This Page
Available Formats:  Text | On-Demand | See All

The best avenue to success is to be indispensable to your clients. Having a solid understanding your clients’ business is the best way to achieve this, but in the constantly changing NFP landscape, that can be a challenge.

This CPE course will keep you up-to-date by detailing the latest developments affecting nonprofits, such as current FASB requirements and information on the latest OMB and Yellow Book developments.

Topics Discussed:

  • Federal government activities
  • Accounting standards updates
  • ASB Clarity Project
  • AICPA activities and emerging issues related to not-for-profits
  • Private company financial reporting

Learning Objectives:
When you complete this, you will be able to:

  • Apply the most recent requirements of the FASB directed toward not-for-profits
  • Utilize a solid understanding of the latest developments in OMB and Yellow Book requirements
  • Identify recent activities of the AICPA

Who Will Benefit?
Accounting and finance personnel responsible for accounting and financial reporting for not-for-profits and auditors

Prerequisite: Knowledge of not-for-profit accounting and auditing

Advanced Preparation: None

Not-for-Profit Section Members Save an Additional 20%! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

Find out more information on the NFP Section.

This product includes a course manual, plus, video segments with a total run time of approximately 115 minutes, which includes 4 separate segments relating to chapters within the manual. AICPA has assembled subject matter experts to discuss what matters most to those within the accounting and auditing profession, as well as what is expected to come in the future, from a regulatory and statutory standpoint.  Discussions are led and moderated by Lynda M. Dennis, CPA, CGFO, Ph.D. who is a lecturer at the University of Central Florida. Speakers include the following (listed in order of appearance): Diane E. Edelstein, CPA - Partner, Maher Duessel; Ahava Goldman, CPA - Senior Technical Manager, AICPA Audit and Attest Standards; and Jennifer Hoffman, CPA - Partner-in-Charge, Grant Thornton LLP. This product is designed to be used by first viewing the specific video segment, and then, returning to the course manual to read the chapter relating to the same topic as the video.

NASBA Field of Study: Accounting and Auditing (Governmental)
Level: Update
Recommended CPE Credit: 7.5 - [3.5 - Accounting (Governmental); 4 - Auditing (Governmental)]; Text with Video - 9 [4.5 Accounting (Governmental); 4.5 Auditing (Governmental)]; Online with Video - 9
Yellow Book Hours: 7.5 - [3.5 - Accounting (Governmental); 4 - Auditing (Governmental)]; Text with Video - 9 [4.5 Accounting (Governmental); 4.5 Auditing (Governmental)]; Online with Video - 9
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.