Religious Organizations: Accounting, Auditing & Tax Issues

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Overview

4.0 Credits
IN-PERSON

The following course is an on-site training event.

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.

Objectives

Provide an understanding of unusual and unique accounting, tax and operational issues for churches and other religious organizations including the impact of SSARS 21.

Major Topics

The major topics of this course include:

  • Issues dealing with GAAP and OCBOA in Religious Organizations explained and discussed including SSARS 21.
  • Issues include compilation, review and audit problems of Religious Organizations
  • Question of “What is a religious organization?” will be addressed
  • Important concerns about interim financial reporting, fraud, internal controls and budgeting in religious organizations are explained in detail and will include examples
  • Who is considered a minister?
  • Unique problems of clergy, payroll and tax matters will be presented with examples for correct handling of these matters
  • New matters involving the tests for employee vs independent contractors will be examined
  • Unusual tax issues of employee vs independent contractors in the church will be discussed as well as issues relating to taxable and tax- exempt activities
  • Ongoing Internal Control matters for Religious Organizations will be discussed

Designed For

Professionals with a need to obtain more information about accounting, audit, internal controls and tax issues revolving around religious organizations to include SSARS 21. This would include the needs of: auditors, accountants and tax preparers for religious organizations; officers, directors, employees and others involved with accounting and tax issues of religious organizations; consultants and volunteers who deal with these needs; and members of religious organizations with a desire to learn more about the accounting and tax issues.

Prerequisite

Some familiarity with the operations of religious organizations and knowledge of applicable tax laws and accounting standards.

Let the FICPA come to you and provide your team with the highest quality customized in-person education they can receive without ever leaving the office. For more information about on-site programs, please use our contact page.