ACPEN: 2026/27 Not-for-Profit Accounting & Auditing Update

Overview

This comprehensive annual update brings together key accounting, auditing, and compliance developments affecting not-for-profit organizations. The course integrates recent standard-setting activity, audit and attestation updates, and Single Audit developments to provide a practical view of changes impacting nonprofit financial reporting and oversight.

Participants will begin with an overview of accounting developments affecting not-for-profit organizations, including recently issued Accounting Standards Updates (ASUs) from the Financial Accounting Standards Board and an introduction to the International Non-Profit Accounting Standard (INPAS). Emphasis is placed on understanding the purpose and structure of INPAS and how it compares conceptually to U.S. GAAP requirements for NFPs.

The course then shifts to auditing and attestation developments from the AICPA, including the next phase of quality management with a focus on monitoring and remediation responsibilities. Participants will also review recent and upcoming standards affecting audit, attestation, and consulting engagements, including updates related to SSAEs, SSARSs, exposure drafts on confirmations and fraud, and changes affecting group audits.

Highlights

Accounting Standards Updates (ASUs) affecting not-for-profit organizations
Introduction to and comparison of the International Non-Profit Accounting Standard (INPAS)
U.S. GAAP considerations for NFP financial reporting
AICPA auditing and attestation updates
Quality management: monitoring and remediation responsibilities
Updates to SSAEs, SSARSs, and group audits

Prerequisites

Prior experience with nonprofit accounting and auditing

Designed For

All accounting/auditing professionals

Objectives

Recognize the impact of recently issued accounting standards on not-for-profit organizations
Identify key elements and objectives of the International Non-Profit Accounting Standard (INPAS)
Recall the impact of recent AICPA standards and proposals on audit and attestation engagements affecting not-for-profits
Identify key quality management requirements related to monitoring and remediation
Recognize changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance
Recall key regulatory and implementation updates relevant to Single Audits for not-for-profit organizations