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AAFCPAs to Present Educational Workshops on Fraud Prevention, Revenue Recognition at National Business Officers Conference in L.A. Benefiting Independent Schools

AAFCPAs has been selected to present complimentary educational workshops on two important topics at the National Business Officers Association’s 2016 Annual Meeting in Los Angeles on February 21-24th.  This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent school professionals from across the country.

Conducting a Fraud Risk Assessment and Developing Your Fraud Risk Management Program

AAFCPAs Partners John Buckley, CPA and Tom Muldoon, CPA, CGMA, along with AAFCPAs’ client Cynthia Fanikos, Chief Financial Officer, St. John’s Preparatory School (Danvers, MA) will present a 75-minute, interactive workshop to explore key fraud prevention principles and techniques.  We will recommend appropriate fraud programs for both large and small independent schools, as well as best practice segregation of duties to enhance internal control.  We will focus on the role of the audit committee and a risk assessment plan.  AAFCPAs advises Independent Schools in developing and institutionalizing Fraud Risk Management Programs, and we are happy to share our expertise with the NBOA.

The Pervasive Impact of Revenue Recognition on Independent Schools

AAFCPAs Partner Tom Muldoon, CPA, CGMA will present this 15-minute Goldmine Session on the impact of the new Revenue Recognition standard, and how the users of financial statements (i.e. funders, those charged with governance, and parents) may perceive “sudden and possibly significant” changes in the school’s financial picture. The new standard will require significant management judgment, in addition to changing the way many Independent Schools recognize revenue in their financial statements.  AAFCPAs advises clients on the changes under the new regulations, and provides clear guidance on implementation, and we are happy to share our expertise on this important issue facing business officers of independent schools.

Click here to learn more about the 2016 NBOA Annual Meeting.  Please feel free to spread the word so others may benefit from these helpful professional development sessions.

AAFCPAs is a proud member of NBOA, where the nation’s independent school leaders gather to promote best practices and standards of excellence across all business operations, including finance, admissions, human resources, information technology and facilities.

About the Authors

John Buckley CPA
John has been successfully serving AAF clients for over 20 years. He has extensive experience with the audits of diverse associations, educational institutions, and other community-based agencies. John specializes in working with nonprofit organizations that are subject to federal, state, and other regulatory requirements. John is AAF’s Educational Services Division Leader, which includes services to independent schools, charter schools and Charter Management Organizations (CMOs), colleges, education services organizations, Chapter 766 schools, and other educational institutions. He has extensive experience with these types of organizations, including working with capital campaigns, financing agreements, and charter school replication.
Thomas Muldoon CPA
Tom specializes in providing assurance, tax, and business consulting services to sophisticated nonprofit organizations, including: multi-service human & social service organizations, early education and care (EEC) agencies, independent schools, Massachusetts Chapter 766 schools, and higher education institutions. Tom specializes in audits in accordance with generally accepted auditing standards, Government Auditing Standards, Uniform Guidance and program-specific audits, as well as the Massachusetts Uniform Financial Report (UFR). Tom is a member of AAFCPAs’ Revenue Recognition Task Force, providing consulting solutions to clients for the efficient and effective implementation of the new ASU, including: assessing the impact of the new standards, and guidance throughout the transition process.