Not-for-Profit Organizations Accounting Conference (NPC)

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Thursday, May 23, 2019
Registration and Continental Breakfast
7:30am-8:30am

Introduction & Opening Remarks
8:00am-8:10am



General Sessions

The Balancing Act of Employer Responsibility: Legal Trepidations Along the Employee Life Cycle (Credits: 1.0 AA)
8:10am-9:00am

Joyce Chastain
Senior Consultant / The Krizner Group
Tallahassee, FL

Learn best practices of interaction with employees at each point along the employment journey.  We'll explain WHY there is a greater risk of litigation and/or governmental fines and sanctions now more than ever before.  Specific tactics will be shared for not only complying with regulations but also creating a harmonious workplace.  Learn how to identify the various points of the employee life cycle and the litigation risk associated with each.  Recognize employee "tells" that could result in litigation if not amended.  Learn about self-audit processes and practices for exposure.  Use the "secret sauce" to create and maintain an organization where risk in negligible.


FASB Update: What's Now? What's New? what's Next? (Credits: 1.0 AA)
9:00am-9:50am

Jeffrey D. Mechanick, CPA, CGMA
Assistant Director / Financial Accounting Standards Board
Norwalk, CT

Learn the latest developments in GAAP affecting NFPs, other than what's covered in revenue recognition (session to follow).  Explore implementation matters on some major recent standards, especially leases (Topic 842); the FASB's projects on collections and goodwill; and other noteworthy recent ASUs, ASUs now effective, and projects-in-process.


Break
9:50am-10:05am
General Sessions

Revenue Recognition Updates: Impact on NFPs (Credits: 1.0 AA)
10:05am-10:55am

Jeffrey D. Mechanick, CPA, CGMA
Assistant Director / Financial Accounting Standards Board
Norwalk, CT

Review the implications of FASB's new Topic 606 for NFPs with revenue-generating activities involving customers and the FASB's recent standard on Grants and Contracts (ASU 2018-08); What's new and different?  Are there special considerations for particular revenue streams?  How does the guidance in these areas intersect?  How can your organization or clients go about implementing Topic 606 and ASU 2018-08 in a thoughtful, but efficient, manner?  Discuss examples and helpful tips, FAQs and get your questions answered!


Tax Reform for Not-for-Profits Including State Sales Tax Nexus (Wayfair) (Credits: 1.0 TB)
10:55am-11:45am

Amy K. Chapman, MBA, CPA, CFE
Tax Principal / CliftonLarsonAllen, LLP
Orlando, FL
AND
Thomas G. Santomaggio, CPA, JD
Director / CliftonLarsonAllen
Tampa, FL

Learn how to identify tax law changes that will affect nonprofit organizations including executive compensation, unrelated business income tax, higher education endowment income and taxation of fringe benefits.  Describe the changes that will affect employers including new tax credits, treatment of achievement awards, employee meals, tuition benefits, and the repeal of the Affordable Care Act's individual mandate.  Discern how the Wayfair case will affect nonprofit organizations.


Lunch
11:45am-12:40pm
Breakout Sessions (choose one)

Breakout 1: Audit Update (Credits: 1.0 AA)
12:40pm-1:30pm

Laurence R. Brown, CPA, CIA, CGMA
Managing Partner / L. Brown & Company, PA
Pompano Beach, FL

According to the National Council of Nonprofits (2018), nonprofit executives need to be aware of changes in accounting standards issued by the FASB as those standards will play a significant role in how the nonprofit prepares its financial statements and how people view the nonprofit's financial health.  Learn how the new standards impact the look and contents of financial statements.  Explore how best to inform nonprofits on how to document donations, how boards should read financial statements and how to understand a nonprofit's cash flow.


Breakout 2: Diversification of Revenue Sources for Not-for-Profits (Credits: 1.0 TB)
12:40pm-1:30pm

Amy Kern, MBA
CFO / Metropolitan Ministries
Tampa, FL
AND
Maria D. Porto-Duarte
CFO / AMikids, Inc
Tampa, FL
AND
Elizabeth Hennig, MBA, SHRM-CP, PHR
CFO & SVP, Finance, Planning & Strategic Initiatives / ZooTampa at Lowry Park
Tampa, FL

It is more important than ever for not-for-profit organizations to diversify their revenue streams as it becomes more challenging to grow, or even sustain, government funding, grant funding and contributions.  Explore a few specific ways local organizations have diversified their income and learn how to support your organization with this business fundamental.


Breakout Sessions (choose one)

Breakout 3: Single Audit: What You Need to Know! (Credits: 1.0 AA)
1:30pm-2:20pm

Amy J. Mierzejewski, CPA, CISA
Assurance Services Senior Manager / Gregory, Sharer & Stuart, PA
St Petersburg, FL

Let's discuss the results of recent peer reviews of single audits and what those results mean for you.


Breakout 4: Technology Tools to Power Your Organization (Credits: 1.0 TB)
1:30pm-2:20pm

John Higgins, CPA, CIPT
Strategic Technology Advisor / CPA Crossings, LLC
Rochester, MI

There are virtually unlimited options available when it comes to investing in technology tools to power your not-for-profit organization.  They key is identifying the tools that will bring you the best ROI.  This session will feature a round robin review of technology tools that you should put high on your shopping list.


Break
2:20pm-2:35pm
General Sessions

Leases for NFPs (Credits: 1.0 AA)
2:35pm-3:25pm

Bradford L. Hale, CPA
Managing Director, Shareholder

Explore the new leasing standard and its impact on the not-for-profit industry, as well as implementation challenges and takeaways.


Protecting (and Auditing) NFPs in Cyberspace (Credits: 1.0 AA)
3:25pm-4:15pm

Ben Finke
Principal Consultant and Co-Founder / OnDefend
Jacksonville, FL

Not-for-profit organizations face a tough challenge defending themselves against attacks in cyberspace.  How can we protect ourselves without the resources that other organizations have (who often fail themselves)?  What should an internal audit team include in their review around this?  Explore some of the tactics that NFPs can start using immediately to protect themselves, their employees, volunteers and customers.  A lot of value can be gained from low-cost procedures, so let's get started!


NFP Fraud: Considerations and Best Practices for Effective Auditing (Credits: 1.0 AA)
4:15pm-5:05pm

Brad Caruso, CPA, CFE
Partner / WithumSmith+Brown, PC
East Brunswick, NJ

Fraud is a complex topic that affects audits and other work we do, especially in the not-for-profit space. This program will cover recent frauds and talk about what went wrong. We will then cover procedures and best practices you can implement to help address the risks involved.


Friday, May 24, 2019

Continental Breakfast & Remarks
7:30am-8:10am



General Sessions

Fund Raising Ideas for Not-for-Profit Entities (Credits: 1.0 TB)
8:10am-9:00am

Eugene W. Moore
CEO / Penservco, Inc
Clearwater, FL

Explore specific creative ideas that non-profit entities may or may not have thought about to raise money with a high return on time and investment.  Some simple ideas take little time.  Some actual events require significant planning.  Some are just fun ways to put your board and volunteers to work for you.


What is FASB making me to do now?!? Lessons Learned in Telling the Financial Story (Credits: 1.0 AA)
9:00am-9:50am

Kenneth C. Euwema
Vice President - Controller / United Way Worldwide
Alexandria, VA

Implementing ASU 2016-14 is an exercise about which much has been said and published.  But, if a nonprofit only sees it as an "exercise", they miss the real value of change.  Uncover the key elements of the required changes in the context of the opportunity they represent to tell an organization's mission story -  past, present and future -  in a way they may not have ever considered.


Break
9:50am-10:05am
General Sessions

Adventures in Functional Expense Reporting (Credits: 1.0 AA)
10:05am-10:55am

Kenneth C. Euwema
Vice President - Controller / United Way Worldwide
Alexandria, VA

ASU 2016-14 requires all nonprofits to present expenses by natural and functional classification.  The standard doesn't prescribe a particular format, or even whether it should be a separate statement or simply a note of disclosure.  Examine several different approaches and discuss which one might be the best complement to your organization's financial story telling.


Broad Perspectives on Risk Management for Not-for-Profits (Credits: 1.0 AA)
10:55am-11:45am

Justin McDonald
Senior Risk Management Consultant / The Fraud Practice
Palm Harbor, FL

Explore fraud schemes and attacks commonly seen by not-for-profits that accept donations or process payments in the on-line and mobile channels.  Focus will be on card testing, fraudster motivations, as well as methods and technologies for detecting and preventing fraud.


Lunch
11:45am-12:40pm
Breakout Sessions (choose one)

Breakout 5: Yellow Book Update (Credits: 1.0 AA)
12:40pm-1:30pm

Lynda M. Dennis, CGFO, Ph.D
Lecturer / University of Central Florida Dixon School Of Accounting
Orlando, FL

Explore the 2018 Governmental Audit Standards, including why they were undertaken; what major changes were implemented generally and in financial audits; as well as continuing areas of concerns to auditors.  Understand the importance of independence, findings and documentation.


Breakout 6: Becoming a Data-Driven NFP: Practical Advice for Making Better Decisions (Credits: 1.0 TB)
12:40pm-1:30pm

Katie Coriell
Lead Consultant and Power BI Expert / WithumSmith+Brown
Boston, MA
We've all heard the hype around becoming a "data-driven" organization.  But how do you actually do that?  Learn how to analyze, share and make better use of the member, donor and financial data you ALREADY have.


Breakout Sessions (choose one)

Breakout 7: Enhancing Attest Quality Through Peer Review: What are the Big Issues of the Day? (Credits: 1.0 AA)
1:30pm-2:20pm

Paul N. Brown, CPA, CGMA
Director of Technical Services / Florida Institute of CPAs
Tallahassee, FL

Peer Review has been a major driver in the AICPA's quest to enhance audit and attest services quality as published in the AICPA white paper Enhancing Audit Quality Initiative.  What has happened in the peer review process in that time?  What are the major issues being found in peer review as a result?  Explore the big issues of today in peer review including risk management and specific guidance as to how risk assessment problems will be treated for peer review, independence and documentation.


Breakout 8: Amy's Case: Internal Control Weakness in a NFP Organization (Credits: 1.0 AA)
1:30pm-2:20pm

Monica Moyer, MBA, CIA, CFE, CRMA, CCEP, CICA
Director of Internal Audit / Saint Leo University
St Leo, FL
AND
Mark Nash
Staff Auditor II / Saint Leo University
St Leo, FL

This real-life case study will explore how Amy, a professor, grant recipient, wife, mother, friend and whistleblower, stumbled upon internal control weaknesses within her department that led to a $2.3 million fraud.


Break
2:20pm-2:35pm
General Sessions

Managing Diversity and Unconscious Bias - Panel Discussion (Credits: 2.0 TB)
2:35pm-4:15pm

Marvalene M. King, MBA
Adjunct Faculty / Saint Leo University
Tampa, FL
AND
C'Lamt Ho
Assistant Professor of Accounting / Saint Leo University
Tampa, FL
AND
Debra E. Thrower
Instructor / Saint Leo University
Tampa, FL
AND
Angela Floyd
Educator, Clinician, Consultant, Presenter, Founder / Culture Shock Consultant and Therapy Service, LLC
Tampa, FL

Our panel, through discussion and case studies, will explore the importance of understanding and managing diversity, inclusion and unconscious bias in the workplace.



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