167 | OSCPA Live | August 28
Accounting and Auditing Update for Not-for-Profits - Oklahoma City
Monday, August 28, 2023 8:30am - 4:00pm
The best avenue to success is to be indispensable to your clients. The best way to becoming indispensable is having a solid understanding of your client’s business. This course details the latest developments affecting not-for-profits such as requirements of FASB directed toward the organizations and information on the latest OMB and Yellow Book developments.
Please Note: The OSCPA has updated our Transfer Policy for in-person events. Find more information here.
Objectives
When you complete this course you will be able to:
- Apply the most recent requirements of the FASB directed toward not-for-profits.
- Recall key points related to the latest developments in OMB and Yellow Book requirements.
- Identify recent activities of the AICPA and how they affect the auditor’s report.
Instructors
- Michele Kemp (view bio)
Designed For
Accounting and finance personnel responsible for accounting and financial reporting for not-for-profits and auditors of those entities
Highlights
- Not-for-profit accounting update
- Revenue recognition in not-for-profits
- FASB’s lease standard
- FASB update
- Auditor’s report and conforming changes
- Auditing Standards Board update
- Ethics update
- Common audit deficiencies
- SSARS and SSAE update
- Governmental auditing update
Instructors
Michele Kemp
Michele Kemp, CPA The Kemp Firm, LLC was established in 2011 in Little Rock, Arkansas and is solely owned by Michele Kemp. She began her public accounting career at BKD, LLP, where she left as a Manager to start her own firm. Michele has over 22 years of experience providing a variety of services that include assurance, tax, training, and business consulting. Michele spends the majority of her time consulting with organizations to improve operational functionality, leadership and management training, and effective use of technologies. Additionally, she instructs for the AICPA and private organizations on various topics including governmental and not-for-profit updates, accounting and auditing standards, risk assessment and internal control design, fraud schemes and staff level trainings. Michele received a Bachelor of Science in Accounting and a Bachelor of Science in Economics and Finance from Arkansas Tech University. She also graduated with a Masters of Accountancy from the University of Central Arkansas. Michele is a member of the American Institute of Certified Public Accountants and member and instructor for the Arkansas Society of Certified Public Accountants. Accountants.