Thursday, January 10th

8:00 - 8:30		Continental Breakfast and Registration

8:30 - 10:30		The New Audit Standards: How They Change the Audit Tom Sneeringer, McGladrey & Pullen In the last couple of years, the Auditing Standards Board of the AICPA and the Financial Accounting Standards Board (FASB) have issued a number of new statements, interpretations, and staff positions that may affect independent schools, including SAS Nos. 99-114, SFAS Nos. 149-158, and FIN 47-48. Since schools have completed their first audits under SAS 112 and other new standards, the implications of these changes are becoming clearer. This session will review the new standards and help business officers understand what the changes really mean to independent schools. You’ll learn what you should be discussing now with your auditor and Audit Committee, to prepare for these changes, and what you may need to do differently for your next audit.

10:30 - 10:45		Break

10:45 - 12:15		Preparing Interim GAAP Statements Linda Dennison, NBOA In the past, many schools have left a significant number of year-end adjustments to the auditors, but now auditors are assessing schools’ competency to prepare interim GAAP statements, and some are requiring schools to prepare the final statements and write the footnotes. This seminar will examine common models for internal financial statements and note the adjustments needed to get to GAAP statements and discuss common footnotes.

12:15 - 1:15		Lunch

1:15 - 2:15		Form 990: Recent Changes and Common Errors Susan Keller, McGladrey & Pullen In this session, a tax professional will review the changes made to the Form 990 in 2005, discuss common errors made by independent schools when filing the 990, and, since Form 990s are public documents, provide tips for using the 990 to show your school in the best possible light.

2:15 - 2:30		Break

2:30 - 4:00		Best Practices in Preparing for the Audit and Common Accounting Issues Found on the Audit Trail Geoff Martiny and Tom Sneeringer, McGladrey & Pullen The right preparation can reduce the demands on the business officer during audit fieldwork and reduce the number of hours of work required by the auditor, thus helping to manage the fee expense. This session will offer tips and strategies for making the audit experience as painless as possible and will cover common issues found in independent school audits

4:00 - 4:30		Questions and Answers

Registration Fees

NBOA Members: $250
Non-Members: $350

Discount

The Accounting Seminar will be one day, following the New Business Officer Institute on October 1st in Scottsdale, AZ, and preceding the Advanced Employment Law Seminar on January 11th in Baltimore, MD. Attend both seminars in Scottsdale or both seminars in Baltimore and receive a $50 discount.

For NBOA policies regarding refunds and program cancellations, please click here.

Location and Hotel

Baltimore, MD

Accommodations will be provided by the Baltimore Tremont Plaza. To reserve a room call 800-873-6668 and reference the "NBOA Group." The room rate is $139/night plus taxes. This rate is only available until December 19, 2007. There is a shuttle from the airport to the hotel for $15/person or a cab is roughly $35. Self parking is available for $15/day.

CPE credit is offered for this event:

Course Level: Basic CPE Hours: 6 Field of Study: Accounting, Taxes and Auditing
Prerequisites: None Instructional Method: Group-live

NBOA 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville,TN, 37219-2417. Web site: www.nasba.org