2025 SEC and PCAOB Update: Comment Letters, Clawbacks and Oversight

Overview

This course dives deep into key supplemental schedules of IRS Form 990, giving you clear insights into public support tests, lobbying activities, and essential financial and compensation disclosures. Learn the rules, spot common mistakes, and discover practical planning strategies to strengthen your nonprofit’s reporting and stay compliant. — This session was recorded on May 29, 2025, for CalCPA’s Not-for-Profit Organizations Conference.

Highlights

• PCAOB standards
• artificial intelligence in accounting
• financial disclosure requirements
• GAAP compliance
• automation for accountants
• financial reporting
• audit report writing

Objectives

• Identify the key requirements of the SEC's pay-versus-performance, cybersecurity disclosure, and executive compensation clawback rules.
• Recognize the top 10 SEC comment-letter trends and the staff guidance on quantitative and qualitative materiality considerations.
• Distinguish among PCAOB standards (AS 1000, AS 1105, AS 2301, AS 2310) and their respective auditor responsibilities for evidence, risk responses, and confirmations.
• Estimate the sufficiency and appropriateness of audit evidence and substantive analytical procedures based on assessed risk of material misstatement.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.