AICPA Not-for-Profit Conference Features Treasury, IRS and FASB Officials

June 20, 2016

  
  • Report on Latest Development in Accounting Standards Concerning Not-for-Profits and Current FASB Projects
  • Update about Current IRS Exempt Organization Initiatives
  • Insights about Foreign Tax Issues Common to Exempt Organizations
 
WHEN:         Monday, June 27 - Wednesday, June 29, 2016
                    
WHERE:      Live: Gaylord National Resort and Convention Center, 201 Waterfront Street, National Harbor, Md.
 
Virtual:
Sessions are available in real time via the Internet.
 
WHO:         Lawrence Smith, Board Member, Financial Accounting Standards Board (FASB), Norwalk, Conn.
                     Jeffrey D. Mechanick, Assistant Director, FASB, Norwalk, Conn.
                     Richard Cole, Supervising Project Manager, FASB, Norwalk, Conn.
                     Elinor Ramey, Attorney Advisor, U.S Department of the Treasury, Washington, D.C.
                     Jeffrey Cooper, Director Exempt Organizations – Rulings and Agreements, IRS, Cincinnati, Ohio
                      Meghan Biss, Senior Technical Advisor for the Director, Exempt Organizations Rulings and Agreements Exempt Organizations, Washington, D.C.
Barry C. Melancon, President and CEO, American Institute of CPAs (AICPA), New York, N.Y.
 
CONFERENCE SCHEDULE
 
Monday, June 27, 2016

 
1:00pm – 1:15pm        Welcome and Introductions
 
1:15pm – 2:05pm        State of the Profession, Barry C. Melancon, President and CEO, American Institute of CPAs (AICPA), New York, N.Y.
 
2:05pm – 3:20pm        CPAs in the NFP Sector: Passing the Torch, Michael Forster, Chief Financial Officer, Woodrow Wilson Center, Washington, D.C.; Carolyn Mollen, Chief Financial Officer, Independent Sector, Washington, D.C.; Joe Stradinger, Founder, CEO and Chief Evangelist, EdgeTheory, Ridgeland, Miss.; Barry C. Melancon, President and CEO, American Institute of CPAs (AICPA), New York, N.Y.
 
3:50pm – 5:30pm        Concurrent Sessions
  • GAAP Update, Lawrence Smith, Board Member, FASB, Norwalk, Conn. and Jeffrey Mechanick, Assistant Director, FASB, Norwalk, Conn.
  • Business Model Canvasing, Arun Sardana, Senior Institutional Consultant, Senior Vice President, UBS Institutional Consulting Group, Bethesda, Md.
  • Views from IRS and Treasury, Elinor Ramey, Attorney Advisor, U.S Department of the Treasury, Washington, D.C.; Jeffrey Cooper, Director Exempt Organizations – Rulings and Agreements, IRS, Cincinnati, Ohio; Meghan Biss, Senior Technical Advisor for the Director, Exempt Organizations Rulings and Agreements Exempt Organizations, Washington, D.C.; Alexander Reid, Partner, Morgan, Lewis & Bockius LLP, Washington, D.C.
 
Tuesday, June 28, 2016
 
7:30am – 8:45am         Concurrent Sessions
 
  • How to Prepare for Your First Single Audit, Eric Formberg, Partner, Plante Moran, Auburn Hills, Mich.
  •  Investment Hot Topics, Brian Zygmunt, Partner, Crowe Horwath LLP, Chicago, Ill.
  • •Affordable Housing Hot Topics, Winell Belfonte, Partner, CohnReznick, Bethesda, Md. and Andrew Prather, Shareholder, Clark Nuber P.S., Bellevue, Wash.
  • Cybersecurity: A Proactive Approach, Ricardo Trujillo, Senior Manager, Gelman, Rosenberg & Freedman CPAs, Bethesda, Md.
  •  Innovations in the Nonprofit Marketplace: Identifying Your Strategic and Operational Needs to Meet Your Mission, Brian Crimmins, CEO, Changing Our World Inc., New York, N.Y.
  • Tax-Exempt Bonds and Schedule K, Marc Berger, Director, Nonprofit Tax Services, BDO USA LLP, McLean, Va. and Michael Sorrells, National Director, Nonprofit Tax Services, BDO USA LLP, McLean, Va.
 
9:00am – 10:15am       Concurrent Sessions
  • Cost Principles Under UGG, Hydeh Ghaffari, Partner, DZH Phillips, Oakland, Calif. and Janet Holland, Partner, DZH Phillips, San Francisco, Calif.
  • Audit Quality and Common Peer Review Deficiencies, Jim Brackens, Vice President, Ethics and Practice Quality, AICPA, Durham, N.C. and Rick Reeder, Owner, Reeder & Associates P.A., Tampa, Fla.
  • Financial Statements of Not-for-Profit Entities, Lawrence Smith, Board Member, FASB, Norwalk, Conn.; Richard Cole, Supervising Project Manager, FASB, Norwalk, Conn.; John Mattie, Partner, PwC, New York, N.Y.
  • Poll the CFOs, Michael Forster, CFO, Woodrow Wilson Center, Washington, D.C.; Steve Howell, Chief Financial and Administrative Officer, The Nature Conservancy, Arlington, Va.; John Kroll, Senior Advisor for Finance and Administration, University of Chicago, Chicago, Ill.
  • The Benefits of Considering Diversity and the Importance of Succession Planning, Joan Pastor, CEO, JPA International Inc., Pacific Palisades, Calif.
  • Tax Law Update, Bruce Hopkins, Lawyer, Polsinelli P.C., Kansas City, Mo.
  • Understanding the Challenges and Opportunities of Considering Mergers and Collaborations in Your Strategic Plan, Nancy McGlamery, Principal, Adler & Colvin, San Francisco, Calif. and Ros Ries, Partner, WeiserMazars LLP, New York, N.Y.
 
10:45am – Noon          Concurrent Sessions
  • Uniform Grant Guidance: Procurement Ins and Outs, Kim McCormick, Partner, Grant Thornton LLP, San Francisco, Calif. and Troy Rector, Principal, Clark Nuber P.S., Bellevue, Wash.
  • Update from the Auditing Standards Board, Chuck Landes, Vice President, Professional Standards and Services, AICPA, Washington, D.C.
  • How to Tell My Organization’s Story Through the Financial Statements, John Mattie, Partner, PwC, New York, N.Y. and Dennis Morrone, Partner, Grant Thornton LLP, Iselin, N.J. 
  • Building Your Nonprofit Brand to Younger Generations: A Conversation, Joe Stradinger, Founder, CEO and Chief Evangelist, EdgeTheory, Ridgeland, Miss.
  • Debits on the Left, Credits on the Right and Other Accounting Challenges, Dan Murphy, Product Manager, MIP, Abila, Austin, Tex.
  • Private Foundation Update, Jody Blazek, Partner, Blazek & Vetterling, Houston, Tex.
  • Tax-Exempt Bonds, (Q&A follow-up from Tax-Exempt Bonds and Schedule K) Marc Berger, Director, Nonprofit Tax Services, BDO USA LLP, McLean, Va.; Michael Sorrells, National Director, Nonprofit Tax Services, BDO USA LLP, McLean, Va.; Kimberly Betterton, Partner, Ballard Spahr LLP, Baltimore, Md.
  • Evaluate and Train Your Board and Executives, Janet Holland, Partner, DZH Phillips LLP, San Francisco, Calif. and Ron Ries, Partner, WeiserMazars LLP, New York, N.Y
 
Noon – 1:00pm                       Lunch (No Speaker)
 

1:00pm – 2:15pm        Concurrent Sessions

  • What You Need to Know about Single Audits Under the Uniform Guidance, Mary Foelster, Director, Governmental Auditing and Accounting, AICPA, Washington, D.C.; Mandy Nelson, Partner, KPMG LLP, Washington, D.C.; Erica Forhan, Partner, Professional Practice Group, Moss Adams LLP, Seattle, Wash.
  • New Market Tax Credit NFP Participation, Andrew Prather, Shareholder, Clark Nuber P.S., Bellevue, Wash.
  • How Do I Implement That: Practical Guidance for New ASUs, Cathy Clarke, Chief Assurance Officer, CliftonLarsonAllen LLP, Minneapolis, Minn.; Christopher Cole, Senior Technical Manager, AICPA Not-for-Profit Sector, AICPA, Durham, N.C.
  • Know Your Expenses, Cecilia Angat, Partner, DZH Phillips LLP, San Francisco, Calif. and Hydeh Ghaffari, Partner, DZH Phillips LLP, Oakland, Calif.
  • Data Visualization and Information Design, Eric Fraint, President and Founder, Your Part-Time Controller LLC, Washington, D.C.
  • 990 Game Show, Eve Borenstein, Eve Rose Borenstein LLC, St. Louis Park, Minn. and Tracy Paglia, Partner, Moss Adams LLP, Stockton, Calif. 
  • Private Foundations Unplugged, Jody Blazek, Partner, Blazek & Vetterling, Houston, Tex. 
  • Innovation Unplugged, Erin McCormack, Director, Innovation, AICPA, Durham, N.C. and Mark Brooks, Senior Manager, Innovation, AICPA, Durham, N.C.
 
2:45pm – 4:00pm        Concurrent Sessions
  • Tips for Auditors for an Efficient Single Audit, Kim McCormick, Partner, Grant Thornton LLP, San Francisco, Calif.
  • Financial Statements of Not-for-Profit Entities, Lawrence Smith, Board Member, FASB, Norwalk, Conn.; Richard Cole, Supervising Project Manager, FASB, Norwalk, Conn.; John Mattie, Partner, PwC, New York, N.Y.
  • Hot Topics from Audit Risk Alert, Jen Hoffman, Partner, Grant Thornton LLP, Melville, N.Y. and Brian Zygmunt, Partner, Crowe Horwath LLP, Chicago, Ill.
  • Understanding and Evaluating Risk, Tom Clark, Executive Vice President, Arthur J. Gallagher & Co., New York, N.Y. and Adam Cottini, Managing Director, Cyber Liability Practice, Arthur J. Gallagher & Co., New York, N.Y.
  • Benchmarking and Assessing the Financial and Operating Strength of Your NFP, Michael T. Burns, Shareholder, Mayer Hoffman McCann P.C., Boston, Mass.
  • Tax War Stories: The UBIT Campaign, Deborah Kosnett, Tax Principal, Tate & Tryon CPAs, Washington, D.C.; Jane Searing, Shareholder, Clark Nuber P.S., Bellevue, Wash.; Brian Yacker, Managing Partner, YH Advisors, Huntington Beach, Calif.
 
4:15pm – 5:30pm        Concurrent Sessions
  • The Schedule of Expenditures of Federal Awards and Major Program Determination, Erica Forhan, Partner, Professional Practice Group, Moss Adams LLP, Seattle, Wash.
  • Split-Interest Agreements and Accounting for Endowments, Melissa Harman, Partner, Moss Adams LLP, Los Angeles, Calif. and Pete Ugo, Partner, Crowe Horwath LLP, Indianapolis, Ind.
  • Using Data Analytics in Your NFP Audit, Alex Vorpahl, Senior Consultant, CliftonLarsonAllen LLP, Plymouth Meeting, Penn.
  • Don’t Be Afraid of a Little UBIT: It Doesn’t Bite, Mitch Lewis, Partner, WeiserMazars LLP, New York N.Y. and Israel Tannenbaum, Senior Manager, WeiserMazars LLP, New York, N.Y.
  • Bumping into Foreign Issues, Dick Locastro, Partner, Gelman, Rosenberg & Freedman CPAs, Bethesda, Md. and Jeff Schragg, Partner, BDO USA LLP, McLean, Va.
  • Schedule A and the New Supporting Organizations’ Questions, Nancy McGlamery, Principal, Adler & Colvin, San Francisco, Calif. and Tracy Paglia, Partner, Moss Adams LLP, Stockton, Calif.
  • Speak Your Mind: Finance, Bob Mims, Controller/Director of Investments, Ducks Unlimited, Memphis, Tenn. and Arun Sardana, Senior Institutional Consultant, Senior Vice President, UBS Institutional Consulting Group, Bethesda, Md.
  • Affordable Housing, Winell Belfonte, Partner, CohnReznick, Bethesda, Md. and Andrew Prather, Shareholder, Clark Nuber P.S., Bellevue, Wash.
 
Wednesday, June 29, 2016
 
7:30am – 8:45am         Concurrent Sessions
  • UGI One Year Later, Marisa Schasel, Managing Director, Finance, Operations, and Systems, Brown University, Providence, R.I. and Michelle Spriggs, Managing Director, CBIZ & Mayer Hoffman McCann P.C., Providence, R.I.
  • Debt Modifications/Extinguishments, Craig Becker, Associate Vice President – Finance, Lafayette College, Easton, Penn. and Dennis Morrone, Partner, Grant Thornton LLP, Iselin, N.J.
  • Leveraging for Impact: Utilizing Financial Dashboards for Mission-Critical Fundraising Effectiveness, Joan Benson, Senior Product Marketing Manager, Intacct, San Jose, Calif.
  • So Who Is Afraid of a Little Conflict? Joan Pastor, CEO, JPA International Inc., Pacific Palisades, Calif.
  • Selecting Software in Today’s Economy: Navigating New ERP, Spencer Arnesen, Principal, SoftResources LLC, Kirkland, Wash.
  • Navigating the Maze: A Road Map to Charitable Fundraising Compliance, Tracy Boak, Partner, Perlman & Perlman LLP, New York, N.Y.
 
9:00am – 10:15am       Concurrent Sessions
  • Sampling in a Single Audit Environment, Rachel Flanders, Principal, CliftonLarsonAllen LLP, Minneapolis, Minn.
  • Development and Accounting: Why Can’t We Be Friends? Bob Mims, Controller/Director of Investments, Ducks Unlimited, Memphis, Tenn. and Pete Ugo, Partner, Crowe Horwath LLP, Indianapolis, Ind.
  • Not-for-Profit Foreign Activity Panel Discussion, Jennifer Brenner, Controller, World Vision, Federal Way, Wash.; Jim Larsons, Partner, Gelman, Rosenberg & Freedman CPAs, Bethesda, Md.; Mark White, CFO, American Refugee Committee, Minneapolis, Minn.
  • What CFOs Need to Know about Cloud Computing, Mark Oster, National Managing Partner, Not-for-Profit and Higher Education Practices, Grant Thornton LLP, New York, N.Y.
  • Executive Effectiveness: How to Be the Most Effective Leader in Your Business, Mary Legakis Engel, CEO, The Management Coach, Oakville, Ontario
  • A Practical Approach to Sponsorships: UBIT, Deborah Kosnett, Tax Principal, Tate & Tryon CPAs, Washington, D.C. and Dick Locastro, Partner, Gelman, Rosenberg & Freedman CPAs, Bethesda, Md.
  • Navigating the Maze of Charitable Fundraising Compliance: Q&A, Tracy Boak, Partner, Perlman & Perlman LLP, New York, N.Y. 
  • Thinking about Outsourcing? Cecilia Angat, Partner, DZH Phillips LLP, San Francisco, Calif. and Amy West, CFO, AHRC New York City, New York, N.Y.
 
10:45am – Noon          Concurrent Sessions
  • OMB Compliance Supplement: What You Need to Know, Troy Rector, Principal, Clark Nuber P.S. Bellevue, Wash.
  • New Revenue Recognition Standard, Richard Cole, Supervising Project Manager FASB, Norwalk, Conn.; Stuart Miller, Partner, Crowe Horwath LLP, Chicago, Ill.; Peter Quinlivin, Vice President and Controller, Public Broadcasting Service (PBS), Arlington, Va.
  • Auditing Electronic Transactions: Cybersecurity and IT Risks for Auditors, Cathy Clarke, Chief Assurance Officer, CliftonLarsonAllen LLP, Minneapolis, Minn. and Jen Hoffman, Partner, Grant Thornton LLP, Melville, N.Y.
  • Reboot and Reset! What Can You Expect from Diversified Portfolios? Arun Sardana, Senior Institutional Consultant, Senior Vice President, UBS Institutional Consulting Group, Bethesda, Md.
  • Form 990 Deep Dive: Pitfalls, Eve Borenstein, Eve Rose Borenstein LLC, St. Louis Park, Minn. and Jane Searing, Tax Shareholder, Clark Nuber P.S., Bellevue, Wash.
  • Tax and Reporting Considerations for Shared Employees, Jeff Frank, Director, Deloitte Tax LLP, Indianapolis, Ind. and Justin Lowe, Senior Manager EY, Washington, D.C.
  • Meeting Effectiveness: Stop Wasting Time, Mary Legakis Engel, CEO, The Management Coach, Oakville, Ontario
  • To Amend or Not to Amend, Brian Yacker¸ Managing Partner, YH Advisors, Huntington Beach, Calif.
 
Noon – 1:00pm                       Lunch (No Speaker)
 
1:00pm – 1:50pm        Concurrent Sessions
  • Peer Review Update: Governmental Must-Select Training Requirement, Jim Brackens, Vice President, Ethics and Practice Quality, AICPA, Durham, N.C. and Rick Reeder, Owner, Reeder & Associates P.A., Tampa, Fla.
  • Enterprise Risk Management (ERM) for Real, Robert Cummings, Partner, WeiserMazars LLP, New York, N.Y. and Amy West, CFO, AHRC New York City, N.Y.
  • Effective Internal Controls for Smaller NFPs and Internal Controls for Small Accounting Departments, Steve Kattell, Owner, Kattell and Company P.L., Gainesville, Fla. and Sandi Matthews, Technical Manager, AICPA Not-for-Profit Section, AICPA, Durham, N.C.
  • Common Financial Reporting and Disclosure Errors, John Kroll, Senior Advisor for Finance and Administration, University of Chicago, Chicago, Ill. and Brian Zygmunt, Partner, Crowe Horwath LLP, Chicago, Ill.
  • Case Studies in Revenue Recognition, Thomas Walker, Senior Project Manager, Blackbaud, Charleston, S.C.
  • Acknowledging Charitable Contributions, Lisa Hix, Partner, Venable LLP, Washington, D.C.; Jeff Schragg, Partner, BDO USA LLP, McLean, Va.; Brian Yacker, Managing Partner, YH Advisors, Huntington Beach, Calif.
  • Ask the Single Audit Experts, Rachel Flanders, Principal, CliftonLarsonAllen LLP, Minneapolis, Minn.; Kim McCormick, Partner, Grant Thornton LLP, San Francisco, Calif.; Mary Foelster, Director, Governmental Auditing and Accounting, AICPA, Washington, D.C.
  • UBIT, Deborah Kosnett, Tax Principal, Tate & Tryon CPAs, Washington, D.C. and Dick Locastro, Partner, Gelman, Rosenberg & Freedman CPAs, Bethesda, Md.
  • 2:05pm – 3:20pm        Concurrent Sessions
  • Peer Review Update: Governmental Must-Select Training Requirement Continued…, Jim Brackens, Vice President, Ethics and Practice Quality, AICPA, Durham, N.C. and Rick Reeder, Owner, Reeder & Associates P.A., Tampa, Fla.
  • Avoiding Deficiencies During a Single Audit, Diane Edelstein, Partner, Maher Duessel, Pittsburgh, Penn.
  • Ask the A&A Experts, Cathy Clarke, Chief Assurance Officer, CliftonLarsonAllen LLP, Minneapolis, Minn.; Steve Kattell, Owner, Kattell and Company P.L., Gainesville, Fla.; John Kroll, Senior Advisor for Finance and Administration, University of Chicago, Chicago, Ill.
  • What Did I Miss? Louis Mezzina, Senior Advisor, KPMG LLP, New York, N.Y.
  • Ask the Tax Experts: Compensation and Benefits, Eddie Adkins, Partner, Grant Thornton LLP, Washington, D.C.; Jeff Frank, Director, Deloitte Tax LLP, Indianapolis, Ind.; Justin Lowe, Senior Manager, EY, Washington, D.C.
  • Lobbying and Politics for Nonprofits: The Rules Aren’t Red and Blue, Melissa Arnie, Manager, CliftonLarsonAllen LLP, Calverton, Md. and David Trimmer, Principal, CliftonLarsonAllen LLP, Arlington, Va.
 
 
 
Media representatives who would like to attend the conference, either onsite or virtually, may contact Shirley Twillman at 202-434-9220 or stwillman@aicpa.org for press credentials.  Hotel reservations and other expenses are your responsibility.