Accounting firm launches webinar for nonprofits

Wauwatosa-based Clifton Gunderson LLP recently announced its formation of a free webinar entitled “Accounting for Change”- Implementing FAS117-1 for endowment fund management and addressing the reporting and auditing challenges facing 403(b) plans.

Clifton Gunderson nonprofit and employee benefit experts Marie Caputo, John Quinn and Ann Joda will help organizations understand the new reporting and disclosure requirements resulting from the Uniform Prudent Management of Institutional Funds Act and the reporting and auditing challenges connected to 403(b) plans.

The session will be presented on Thursday, Oct. 8 at 10 a.m. and again at 2 p.m. Topics addressed during this free online webinar include:

  • Complex new classifications of donor-restricted endowment assets created by UPMIFA

  • Specific reporting and disclosure requirements under FAS 117-1

  • The role of state laws in endowment management

  • What entities are affected by 403(b) regulations

  • Current 403(b) plan audit issues and challenges

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