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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Nonprofit Industry Update and GAAP Refresher (NIU)

NEW! 8-Hour Program


This program provides a 2018 update of the issues at the forefront of industry to assist the auditor in assessing risk. It also includes updates to FASB guidance through March 2018 with a specific section on the new not-for-profit financial statements, complete with disclosure examples. We will also discuss the FASB’s decisions to date related to the accounting for grants, as well as a discussion of the AICPA’s task force recommendations related to revenue recognition.

The U.S. GAAP refresher portion of the program includes coverage of some significantly enhanced sections in the nonprofit audit guide and nonprofit Technical Practice Aids (AICPA). This course also provides an update on issues relative to the Single Audit. We will also discuss SAS No. 132 on the auditor’s consideration of the entity’s ability to remain a going concern.


  • Practitioners working with nonprofit organizations in public practice
  • Nonprofit industry accountants who need to keep on top of current accounting and disclosure requirements


Participants will be able to:

  • Apply the issues faced by nonprofits in today’s environment which will help them assess risk
  • Recognize and deal with major accounting and disclosure issues impacting their clients or organizations


  • Not-for-profit industry updates 2018
  • Major accounting and disclosure issues specific to nonprofit organizations
  • Single Audit Update





  • Basic familiarity with not-for-profit accounting and auditing


FIELD OF STUDY: Accounting Auditing (Governmental)


  • Accounting: 4 hours
  • Auditing (Governmental): 4 hours

It is recommended that this course not be scheduled back-to-back with Nonprofit, Government and Compliance Update (NGCU) or Essentials of Nonprofit Auditing (ENA).

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.

CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are 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: www.nasbaregistry.org.