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Regulatory Update: Accounting Standards 2019

Listen to Podcasts:

AAFCPAs’ Nonprofit Audit Leaders Matt Hutt, Katie Belanger, and Olga Yasinnik provide key considerations and best practice recommendations related to the implementation of new accounting standards, including:

Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14, Topic 958):

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Revenue from Contracts with Customers (ASU 2014-09, Topic 606), and Clarifying the Scope and the Accounting Guidance for Contributions Received and Contribution Made (ASU 2018-08, Topic 958):

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Leases (ASU 2016-02, Topic 842):

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These audio sessions were recorded live at AAFCPAs’ April 25th, 2019 Annual Nonprofit Educational Seminar. Slides may be downloaded by clicking here. >>

About the Authors

Matthew Hutt CPA
Matt leads AAFCPAs’ Healthcare Division, providing assurance, tax and advisory solutions for Federally Qualified Health Centers (FQHCs), behavioral health providers, home care agencies and hospices, nursing homes, and senior care living centers. Matt advises healthcare providers on consolidation and coordination of care, including the integration of behavioral health into the primary care delivery system. He also provides consulting solutions for providers transitioning to new value-based reimbursement models, and data driven patient care, including: developing business process and controls for collecting and advantaging data to provide analysis on: provider activity, delivery of care, and analysis of efficiency & cost effectiveness. Matt is also highly-sought after for his knowledge on issues related to affordable housing developers with requirements related to the US Department of Housing and Urban Development, MassHousing, Low Income Housing Tax Credits, Historical Tax Credits and New Markets Tax Credits. 
Katie Belanger
Katie joined AAF in 2006 upon graduation from Assumption College. Katie’s experience in the nonprofit industry includes social and human service agencies, including multi-service agencies, residential and day treatment agencies, early education and care (EEC) agencies, and private schools. She has extensive experience auditing nonprofit organizations in accordance with Uniform Guidance/Single Audit and Government Auditing Standards as well as those with Massachusetts Uniform Financial Statement filing requirements. Katie is an in-house trainer on diverse accounting topics.
Olga Yasinnik
Olga specializes in driving high-energy audit teams, and advising sophisticated nonprofit organizations, including multi-services human & social services providers, community development corporations (CDCs) and their affordable housing development projects. She provides proactive guidance to these clients who receive state and federal grants, and must file Uniform Financial Reports (UFRs) and require audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards. Olga has extensive experienced in advising clients with projects funded by Low Income Housing and Historical Tax Credits.  She is an active leader of AAF’s Affordable Housing and Real Estate Community Development, and Human & Social Services practices.