Financial and Tax Regulators Discuss Not-for-Profit Sector Issues at AICPA Conference, June 20-21, Marriott Wardman Park Hotel, Washington, DC 

    Published June 17, 2013

    Update from FASB on Efforts to Improve Financial Reporting for Not-for-Profits

    Report on Treasury-Related Developments Impacting Tax-Exempt Organizations

    Outlook for Single Audit Changes


    WHEN:
            
    Thursday, June 20 - Friday, June 21, 2013
    Pre-Conference Workshops – Wednesday, June 19

    WHERE:     
    Marriott Wardman Park Hotel, 2660 Woodley Road, N.W., Washington, D.C.

    WHO:          
    Lawrence Smith
    , Board Member, Financial Accounting Standards Board (FASB), Norwalk, Conn.
    Jeffrey D. Mechanick, Assistant Director, FASB, Norwalk, Conn.
    Ron Bossio, Senior Project Manager, FASB, Norwalk, Conn.
    Ruth Madrigal, Attorney Advisor, Office of Tax Policy, U.S. Treasury, Washington, D.C.
    Christopher C. Woodin, Lead Tax Law Specialist, Tax Exempt Bonds, Compliance and Program Management, Internal Revenue Service (IRS), Washington, D.C.
    Cheryl E. Press, Senior Counsel, Office of Division Counsel/Associate Chief Counsel, IRS Tax Exempt & Government Entities, Washington, D.C.
    Tammie Brown, Audit Manager, Office of Inspector General, National External Audit Review Center, Department of Health and Human Services (DHHS), Kansas City, Mo.

    CONFERENCE SCHEDULE

    Thursday, June 20, 2013

    8:10am – 9:10pm 
           Keynote Address: The Full Slate – The economic Imperative of Leveraging the Full Potential of Women in the Modern Workforce, Anna Maria Chávez, Chief Executive Officer, Girl Scouts of the USA, New York, N.Y.

    9:40am – 10:55am       Concurrent Sessions

    GAAP Update, Lawrence Smith, Board Member, FASB, Norwalk, Conn. and Jeffrey D. Mechanick, Assistant Director, FASB, Norwalk, Conn.

    Social Welfare Organizations, Politics and Line Dancing: Fallout from the Current IRS Brouhaha, Marcus S. Owens, Member, Caplin Drysdale, Washington, D.C.
    Lead Now, Brian Kight, CEO, Focus3, Columbus, Ohio
    GAGAS vs. Single Audit, Kim McCormick, Partner, Grant Thornton LLP, San Francisco, Calif.


    11:10am – 12:25pm    Concurrent Sessions

    View from Treasury: Current Developments for Tax Exempt Organizations, Ruth Madrigal, Attorney Advisor, Office of Tax Policy, U.S. Treasury, Washington, D.C.

     Low Market Returns Drive to Risky Investments, Verne Scazzero, CEO/Founder, Harvest Investments, Burr Ridge, Ill.

    Development/Accounting Difference – “It Only Counts Once,” Bob Mims, Controller/Director of Investments, Ducks Unlimited, Inc., Memphis, Tenn. and Pete Ugo, Partner, Crowe Horwath LLP, Indianapolis, Ind.

    Outsourcing from the Auditor and Auditee Perspective, Hydeh Ghaffari, Ghaffari Accountancy, Inc., Oakland, Calif.

    Audit Sampling, Diane Edelstein, Partner, Maher Duessel, Pittsburgh, Penn.

    12:25pm-1:30pm         Lunch (No Speaker)

    1:30pm – 2:45pm        Concurrent Sessions

    HR Hot Topics, Karl Ahlrichs, Senior Consultant, Gregory & Appel, Indianapolis, Ind.; Michael Monahan, SVP & CAO, New York Blood Center, New York, N.Y. and Peter Petesch, Shareholder, Littler Mendelson, P.C., Washington, D.C.

    Improving GAAP for NFPs: The FASB’s NFP Financial Reporting Projects and the Work of the NAC, Moderator: Jeffrey Mechanick, Assistant Director, FASB, Norwalk, Conn.; Panelists: Ron Bossio, Senior Project Manager, FASB, Norwalk, Conn., Lee Klumpp, Not-For-Profit Practice Fellow, FASB, Norwalk, Conn., John Mattie, Managing Partner, National Education and NFP Industry, PricewaterhouseCoopers LLP, New York, N.Y. and Laura Roos, Partner, Moss Adams LLP, San Diego, Calif.

    Federal Tax Update, Virginia C. Gross, Shareholder, Polsinelli Shughart PC, Kansas City, Mo.

    Effective Audit Committees, Frank Kurre, National Managing Partner – NFP & Higher Education Practices, Grant Thornton LLP, New York, N.Y. and Donna O’Brien, President, Community Healthcare Strategies, LLC, New York, N.Y.

    Yellow Book Independence, Nancy Miller, Managing Partner, Miller Foley Group, Fredericksburg, Va.; Teresa Bordeaux, Technical Manager, Governmental Audit Quality Center, American Institute of CPAs (AICPA), Durham, N.C. and Rafael Roman, Technical Manager, Governmental Audit Quality Center, AICPA, Washington, D.C.

    State and Local Tax Considerations for NFPs, Jeremy Migliara, Senior Director, State and Local Tax, BDO USA, LLP, McLean, Va. and Jeffrey Schragg, Tax Partner, BDO USA, LLP, McLean, Va.

    3:15pm – 4:30pm        Concurrent Sessions

    Understanding Risks by Subsectors, Frank Kurre, National Managing Partner – NFP & Higher Education Practices, Grant Thornton LLP, New York, N.Y.; Melanie Herman, CEO, Nonprofit Risk Management Center, Leesburg, Va. and Michael Monahan, SVP and CAO, New York Blood Center, New York, N.Y.

    Can Nonprofit Accounting be Advanced? Lou Mezzina, National Industry Director for Higher Education and Other NFPs, KPMG LLP, New York, N.Y.

    Telecommuting, Tax Homes & Travel, Jeffrey D. Frank, Tax Director, Deloitte Tax LLP, Indianapolis, Ind.

    Tackling Taxes and Blocking UBIT: Alternative Investments, Ed Jennings, Tax Director, University of Michigan, Ann Arbor, Mich.

    Tweet the CFOs, Moderator: Bob Mims, Controller/Director of Investments, Ducks Unlimited, Inc., Memphis, Tenn.; Panelists: John Kroll, Associate Vice President, Finance, The University of Chicago, Chicago, Ill.; Catherine Mickle, Chief Financial Officer, American Cancer Society, Atlanta, Ga. and Larry Probus, SVP, Chief Financial Officer, World Vision, Federal Way, Wash.

    Single Audit Update, Tammie Brown, Audit Manager, DHHS, OIG/OAS, National External Audit Review Center, Kansas City, Mo.; Amanda Nelson, Partner, KPMG LLP, Washington, D.C. and Mary Foelster, Director, Governmental Auditing & Accounting, AICPA, Washington, D.C.

    Housing Developers/Property Management Organizations, Peter Bell, Peter B. Bell, CPA, LLC, Washington, D.C. and Hydeh Ghaffari, Ghaffari Accountancy, Inc., Oakland, Calif.

    4:45pm – 6:00pm        Concurrent Sessions

    Interact with Your Industry:

    Cultural Organizations 
    Social Services 
    Associations
    Private Foundations
    Religious Organizations
    National & International Charities
    Charitable Contribution Compliance, Joe Irvine, Development & Tax Counsel, The Ohio State University, Columbus, Ohio

    Friday, June 21, 2013

    8:30am – 9:45am         Concurrent Sessions 

    Top 10 Risks Facing NFPs, Melanie Herman, CEO, Nonprofit Risk Management Center, Leesburg, Va.

    When the Dust Settles: A Post-Election Primer on Global Markets, Arun Sardana, Senior Vice President – Investments, UBS Institutional Consulting Group, Bethesda, Md.

    Beyond the Form 990 “Basics,” Eve Borenstein, Partner, Borenstein & McVeigh Law Office LLC, Minneapolis, Minn. and Jane Searing, Shareholder, Clark Nuber, P.S., Bellevue, Wash.

    Post-Issuance Bond Compliance, Christopher C. Woodin, Lead Tax Law Specialist, Tax Exempt Bonds, Compliance and Program Management, IRS, Washington, D.C. and Ed Jennings, Tax Director, University of Michigan, Ann Arbor, Mich.

    Overhauled NFP Guide and Audit Risk Alert, Cathy Clarke, Partner, CliftonLarsonAllen LLP, Minneapolis, Minn.; Jennifer Hoffman, Partner, NFP Industry Practice, Grant Thornton LLP, Melville, N.Y. and Andrew Prather, Shareholder, Clark Nuber P.S., Bellevue, Wash.

    Ask the Experts Panel: Yellow Book Compliance, Moderator: Mary Foelster, Director, Governmental Auditing & Accounting, AICPA, Washington, D.C.; Panelists: Tammie Brown, Audit Manager, Office of Inspector General, National External Audit Review Center, DHHS, Kansas City, Mo.; Nancy Miller, Managing Partner, Miller Foley Group, Fredericksburg, Va. and Alex Weekes, ML Weekes & Company, PC, Guilford, Conn.

    Illiquid Gifts: Sometimes It’s Better to Pass than Receive, Joe Irvine, Development & Tax Counsel, The Ohio State University, Columbus, Ohio and Tracy Paglia, Partner, Moss Adams LLP, Stockton, Calif.

    10:15am – 11:30am     Concurrent Sessions

    How Will the Clarity Standards Affect My NFP Audit? Charles Landes, Vice President, Professional Standards and Services, AICPA, Washington, D.C.

    Dealing with International Issues, Frank Kurre, National Managing Partner – NFP & Higher Education Practices, Grant Thornton LLP, New York, N.Y.

    Supporting Organization Do’s and Don’ts, Deborah Kosnett, Principal, Tate & Tryon, CPAs, Washington, D.C. and Tracy Paglia, Partner, Moss Adams LLP, Stockton, Calif.

    Intermediate Sanctions Compliance, Jeffrey D. Frank, Tax Director, Deloitte Tax LLP, Indianapolis, Ind.

    Making Your Financials Tell the Truth and Your Story, Lou Mezzina, National Industry Director for Higher Education and Other NFPs, KPMG LLP, New York, N.Y.

    Pass-Through Federal Funds and Their Impact on an A-133 Audit, Hydeh Ghaffari, Ghaffari Accountancy, Inc., Oakland, Calif. and Pete Ugo, Partner, Crowe Horwath LLP, Indianapolis, Ind.

    Private Operating Foundations, Jody Blazek, Partner, Blazek & Vetterling, Houston, Tex. and Jennifer Beck Harris, Senior Tax Manager, Clark Nuber P.S., Bellevue, Wash.

    11:30am – 1:00pm      Lunch (No Speaker)

    1:00am – 2:15pm        Concurrent Sessions

    Fraud: The Other Employee Benefit, Nancy Young, Senior Manager, Moss Adams LLP, Portland, Ore.

    3 am Nightmares: What’s Keeping Our Clients (and Us) Awake at Night, Moderator: Jeffrey D. Mechanick, Assistant Director, FASB, Norwalk, Conn.; Panelists: Frank Kurre, National Managing Partner – NFP & Higher Education Practices, Grant Thornton LLP, New York, N.Y.; John Mattie, Managing Partner, National Education and NFP Industry, PricewaterhouseCoopers LLP, New York, N.Y. and Lou Mezzina, National Industry Director for Higher Education & Other NFPs, KPMG LLP, New York, N.Y.

    Hot Topics in Compensation and Employee Benefits from the IRS, Cheryl E. Press, Senior Counsel, Office of Division Counsel/Associate Chief Counsel, IRS Tax Exempt & Government Entities, Washington, D.C. and Eddie Adkins, Partner, Grant Thornton LLP, Washington, D.C.

    Private Foundations Update, Jody Blazek, Partner, Blazek & Vetterling, Houston, Tex.

    What the Watchdogs Are Watching, Moderator: Kenneth Euwema, Director – Member Financial Accountability, United Way Worldwide – USA Network, Alexandria, Va.; Panelists: Ken Berger, President & CEO, Charity Navigator, Glen Rock, N.J. and Art Taylor, President & CEO, BBB Wise Giving Alliance, Arlington, Va.

    Auditors’ Reports and Clarity Updates, Erica Forhan, Partner, Professional Practice Group, Moss Adams LLP, Seattle, Wash.

    UBIT 482 & 512(b)(13), Jeffrey D. Frank, Tax Director, Deloitte Tax LLP, Indianapolis, Ind. and Ed Jennings, Tax Director, University of Michigan, Ann Arbor, Mich.

    2:30pm – 3:45pm        Concurrent Sessions

     Ask the Experts Panel: Accounting & Auditing, Moderator: Chris Cole, Technical Manager, AICPA, Durham, N.C.; Panelists: Cathy Clarke, Partner, CliftonLarsonAllen LLP, Minneapolis, Minn.; Jeffrey Mechanick, Assistant Director, FASB, Norwalk, Conn.; Catherine Mickle, Chief Financial Officer, American Cancer Society, Atlanta, Ga. and Andrew Prather, Shareholder, Clark Nuber P.S., Bellevue, Wash

    Tech Planning Insights for Nonprofits, Donny Shimamoto, IntrapriseTechKnowlogies LLC, Honolulu, Hawaii

    Ask the Experts Panel: Form 990, Moderator: Joe Irvine, Development and Tax Counsel, The Ohio State University; Columbus, Ohio; Eve Borenstein, Partner, Borenstein & McVeigh Law Office, Minneapolis, Minn.; Deborah Kosnett, Principal, Tate & Tryon, CPAs, Washington, D.C.; Jeffrey Schragg, Tax Partner, BDO USA, LLP, McLean, Va. and Jane M. Searing, Shareholder, Clark Nuber, P.S., Bellevue, Wash.

    FAQ A-133, Moderator: Rafael Roman, Technical Manager, Governmental Audit Quality Center, AICPA, Washington, D.C.; Panelists: Diane Edelstein, Partner, Maher Duessel, Pittsburgh, Penn. and Nancy Miller, Managing Partner, Miller Foley Group, Fredericksburg, Va.

    Fringe Benefits, Michael Lloyd, Member, Miller & Chevalier Chartered, Washington, D.C.

    Media representatives who would like to attend the conference may contact Shirley Twillman at 202-434-9220 or stwillman@aicpa.org for press credentials.  Hotel reservations and other expenses are your responsibility. 




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