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Live Webcast Replay

Not-for-Profit Accounting & Auditing Update - 2023

Total Credits: 4 including 2 Accounting (Governmental) - Technical, 2 Auditing (Governmental) - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute |  Yellow Book
Melisa F. Galasso
Course Levels:
4 Hour
Product Setting: Expires 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


The Not-for-Profit Advisory Committee has been busy discussing several projects that the FASB is working on and their impact on nonprofits. In this course, we will review the key issues and discussions from recent NAC meetings. We'll also take a look at ASUs issued by the FASB that may impact nonprofit financial statements. After a break, we then transition from accounting to auditing with a look at the common deficiencies found in nonprofit Yellow Book audits with a focus on CPE, reporting, and independence.

Basic Course Information

Learning Objectives
  • Recall the impact of ASUs on nonprofit organizations
  • Recall the activities of the nonprofit advisory committee
  • Identify common deficiencies in Yellow Book Engagements
  • Recall the independence requirements in Yellow Book

Major Subjects
  • Auditor Reporting
  • Uniform Guidance


Course Materials


Melisa F. Galasso's Profile

Melisa F. Galasso Related Seminars and Products

Founder and CEO

Galasso Learning Solutions LLC

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.



Sat, Mar 09, 2024 - 10:00am to 01:37pm CST
Wed, Mar 27, 2024 - 08:30am to 12:07pm CDT
Thu, Mar 28, 2024 - 10:30am to 02:07pm CDT
Tue, Apr 02, 2024 - 04:30pm to 08:07pm CDT
Tue, Apr 09, 2024 - 10:00am to 01:37pm CDT
Wed, Apr 24, 2024 - 08:30am to 12:07pm CDT

Additional Info

Basic Course Information

Advanced Preparation


Designed For

Ideal for practitioners and members in industry responsible for accounting and financial reporting for nonprofit entities

Original Recording Date


Yellow Book


Course Developer

Galasso Learning Solutions

Date Added to Catalog



Prior Experience with NFP financial reporting or auditing



Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199). 

Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 



Overall:      4.8

Total Reviews: 29


Cavanaugh J - Norfolk, Virginia

"Presenter was excellent."

David R

"Excellent presentation."

sharon m - fort myers, Florida


Dinah T - Farmington Hills, Michigan

"For a 4-hour technical course, the pace was enhanced by the speaker's SKE, particularly her ability to provide easy-to-follow explanations and examples. I also think she would be perfect to teach a course on the application of the AICPA's Code of Professional Conduct."