The 2025 AICPA & CIMA Not-for-Profit (NFP) Industry Conference took place during June 2025.
This annual event brought together finance and accounting professionals from the NFP sector to explore industry news, regulatory updates, financial reporting, cybersecurity, AI integration, and leadership. Key accounting topics included Financial Accounting Standards Board (FASB) and Uniform Guidance changes, Form 990 compliance, internal controls, budgeting, and grant accounting, equipping NFP professionals with tools to enhance transparency, sustainability, and mission-driven financial management.
One of the main highlights of the conference was the discussion of the impact of emerging technologies on the accounting profession. Speakers emphasized the importance of staying updated with technological advancements such as artificial intelligence and data analytics. These technologies are transforming the way accountants work, making processes more efficient and accurate. Attendees were encouraged to embrace these changes and leverage technology to enhance their services and programs.
Another significant topic was the evolving regulatory landscape. The conference addressed recent changes in accounting standards and regulations, highlighting the need for professionals to stay informed and compliant. Experts provided guidance on navigating these changes and ensuring that their practices align with the latest requirements. This session was particularly beneficial for those involved in financial reporting.
The conference also featured sessions on risk management and cybersecurity. With the increasing prevalence of cyber threats, it is crucial for accounting professionals to understand the risks and implement robust security measures. Speakers shared best practices for protecting sensitive financial data and mitigating potential risks. This information is vital for maintaining the trust and confidence of the NFP donor and grantor base.
In addition to these topics, the conference included discussions on leadership and professional development. Attendees were encouraged to invest in personal growth and develop essential skills such as communication, critical thinking, and adaptability. These skills are crucial for navigating the dynamic and ever-changing accounting landscape.
Overall, the AICPA conference was a comprehensive and informative event that addressed the most pressing issues facing the NPF industry today. Please join Schneider Downs’ NFP industry leaders and subject matter experts on August 19 for our webinar that dives deeper into these topics impacting the NFP sector.
