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Not-for-Profit Accounting and Auditing Update
CPE Self-study

Not-for-Profit Accounting and Auditing Update

How closely have you monitored FASB, OMB, and Yellow Book changes this year? Join us as we cover the topics most applicable to this year’s NFP financial statements and audits.

$0 - $139
Do you have an AICPA membership? Log in to apply your member discount.



NASBA Field of Study




CPE Credits



Melisa F. Galasso


1 year

Product Number


 Business & partner 
Product Details

The latest developments you need to know.

Learn the latest accounting and auditing developments affecting not-for-profits, so you can prepare financial statements with confidence.

This CPE self-study course details the latest developments affecting not-for-profits. This course covers new FASB requirements and information on the latest OMB and Yellow Book developments.

Featuring major program determination and case studies related to revenue recognition and auditing documentation, this course covers the following:

  • NFP financial statements
  • Auditor reporting changes
  • Yellow Book
  • Common Yellow Book and Uniform Guidance deficiencies

Who Will Benefit

  • Preparers of NFP financial statements
  • Auditors of NFP financial statements
  • Users of NFP financial statements

Key Topics

  • Recent FASB standards
  • Revenue recognition in NFPs
  • Auditor reporting standards
  • Yellow Book

Learning Outcomes

  • Apply the most recent requirements of 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.
Credit Info
CPE Credits
NASBA Field of Study
Accounting, Auditing, Auditing (Governmental)
Knowledge of the not-for-profit industry.
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Yellow Book Hours
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
NFP Section Members

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

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6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

Contact us
Melisa F. Galasso
Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts. She is a member of the Financial Accounting Standards Board (FASB) Not-For-Profit Advisory Council (NAC). She served on the AICPA’s Technical Issues Committee, has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors. She was honored as “40 under 40” — by CPA Practice Advisor — in 2017 and 2018, was named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Not-for-Profit Accounting and Auditing Update
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