9:00 AM - 5:00 PM Central
Stay current on the most important accounting, auditing, tax, and ethics developments impacting not-for-profit organizations in 2026. This comprehensive ACPEN Signature program delivers a practical, executive-level update designed for CPAs, auditors, CFOs, controllers, and advisors serving the nonprofit sector.
On the tax front, the program covers the sweeping charitable giving changes under the One Big Beautiful Bill Act (OBBBA), effective beginning in 2026. Topics include the new deduction floor for itemizers, revised corporate giving thresholds, the non-itemizer charitable deduction, the permanent 60% cash contribution limit, and the new scholarship tax credit. The panel will also address the expanded 21% excise tax on compensation over $1 million, changes to endowment tax calculations, planning considerations involving donor-advised funds (DAFs) and IRA charitable gifts, and the latest developments affecting charities and donors. A focused IRS Form 990 update will highlight key filing issues and compliance considerations to help protect both organizations and their stakeholders.
From an accounting perspective, the course reviews recent FASB Accounting Standards Updates (ASUs) affecting not-for-profits, including simplifications to the credit losses standard (Topic 326), updated guidance on capitalization of internal-use software development costs, and pending standards related to environmental credit programs. We will also discuss emerging FASB projects relevant to nonprofits, including potential changes affecting crypto assets, cash equivalents, and the equity method of accounting, along with implementation reminders for recently effective standards such as crypto asset accounting and enhanced income tax disclosures.
The auditing update will examine recently issued Statements on Auditing Standards (SASs), including quality management, group audits, amendments to AU-C 935, and other changes impacting nonprofit audits in 2026 and beyond, with an emphasis on practical application.
The program also includes a one-hour ethics update covering recently issued Ethics Interpretations and exposure drafts, including topics such as Public Interest Entities, Section 529 Plans, recruiting arrangements, simultaneous employment, and tax services. This annual update equips nonprofit accounting and audit professionals with the technical knowledge and practical insights needed to navigate today’s evolving regulatory and reporting environment with confidence.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com
Speakers:
Jeffrey D. Mechanick, CPA, M.B.A.
J. Michael Inzina, CPA, CGFM, CGMA
C. Clinton Davis, CPA, JD
| 1/25/2027 |    |
