Learn how to build audit-ready nonprofit teams and align with the latest accounting standards in this session from the 2025 Not-for-Profit Virtual Conference. Presenters Jeanette Schwartz and Amelia Crawford from Cherry Bekaert share practical strategies to strengthen audit preparation, improve compliance, and streamline financial reporting.
This session covers critical updates impacting not-for-profit organizations, including ASC 842 lease accounting, CECL credit loss standards, crypto asset reporting, internal-use software capitalization, and Uniform Guidance changes for single audits. You’ll also gain actionable tips for planning an efficient audit, managing PBC lists, maintaining accrual-basis records, and ensuring timely filings under federal grant requirements.
Whether you’re a nonprofit CFO, controller, finance manager, or board member, this session will help you navigate evolving audit requirements, minimize findings, and achieve a seamless audit process.
Topics Covered:
- Staying current with 2024–2025 accounting standard updates
- Audit readiness planning and fieldwork best practices
- Managing federal grants and Uniform Guidance compliance
- Understanding conditional and restricted contributions
- Streamlining audit workflows and documentation
- Implementing internal-use software under new GAAP rules
