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FASB NOT-FOR-PROFIT EXPOSURE DRAFT PROPOSED CHANGES

Cost Free
Presentation Length 1.5 hours

Recorded DateJanuary 14, 2016
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

The FASB exposure draft on NFP financial statement reporting and disclosures will significantly change the way that NPOs report their financial information. Be prepared about upcoming changes and what you can do now.

Additionally, we'll cover other recent standards applicable to the NFP sector.

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Testimonials
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Karen, AZ

"Great information and presentation. Appreciated the information on anticipated fall out of this new requirement (increase in costs of audits, possible loss of small/medium sized CPA firms handling nonprofits, and smaller nonprofits may not be able to afford same accounting services they currently have)."
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Scott, TX

"Neely, You did an excellent job! The NFP world is getting more and more challenging. And as you know, unless the NFP has some economies of scale, this is going to be a huge challenge for them and rather costly. Disappointing to see another layer of administrative burden being put on our NFP's."
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Tracy, IL

"I appreciated the examples of the financial statements along with other notes and the fact that you can have access to the notes and webinar again on your account at your convenience."
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Marilynn, NJ

"Neely is an excellent presenter! Not to be missed! I've listened to her on a number of webinars and she makes A&A much more understandable...fun even!"
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Yashekia, NC

"Neely was beyond great in this webinar. It appears this changes will be somewhat complex, and she discussion of the topic was simple and concise."
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Irma, AL

"Very informative. Very smart lady ..for such a young woman. Not often you see that much confidence and knowledge. Very impressive!!!"
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John, TX

"Superb presentation with very thoughtful commentary on a topic too little considered. Thank you for sharing. It was illuminating."
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Naren, NJ

"Great Presentation by Neely Duncan on FASB NFP Exposure Draft with proposed changes. Very Educational and Helpful Webinar."
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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Neely Duncan, CPA, CFE

Forvis Mazars
Partner / National Nonprofit Advisory Services Leader
neely.duncan@us.forvismazars.com
(972) 702-8262

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A member of FORVIS National Nonprofit Advisory Services Practice and Center of Excellence. Neely has more than 20 years of audit and advisory experience in public accounting. Her expertise includes financial statement audits, Single Audits, grants management, assessments and compliance, outsourced accounting functions, standards implementation, internal audit procedures, strategic planning, and tax-exempt matters for a wide range of nonprofit entities. Neely also performs forensic work related to various cases for technical matters for nonprofits.

In addition to handling the accounting, consulting, and audit needs of her clients, she advises clients on operational efficiencies, internal controls, and governance issues and routinely shares best practices with clients gained from working with a variety of organizations. She is a highly sought national speaker on technical matters in the accounting community. Neely also served in the United States Navy for four years. 

Neely is a member of the American Institute of CPAs, Texas Society of Certified Public Accountants, where she serves as a board member, TXCPA -Dallas, where she serves as a board member and the Association of Certified Fraud Examiners, Inc. She holds the Certified Fraud Examiner (CFE) designation.

She has been involved with many other professional associations, including Dallas Social Venture Partners, Finance Chair, Arthritis Foundation, Dallas Heroes Project, and Great Girls Network. 

Neely is a 2000 magna cum laude graduate of Old Dominion University, Norfolk, Virginia, with a bachelor’s degree in accounting.

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About Our Presenter

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For more than 65 years, Lane Gorman Trubitt has served the Dallas/Fort Worth Metroplex from their single location in Uptown Dallas. The firm is comprised of more than 100 employees who have a variety of professional skills and industry specializations; yet, they all share the same passion to support and grow local businesses with tax, audit, and consulting services.