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NFP SPEAK
PART 2:
FINANCIAL REPORTING AND
INTERNAL CONTROLS
CONSIDERATIONS IN
REMOTE ENVIRONMENT
CITRIN COOPERMAN’S
NOT-FOR-PROFIT COVID-19
WEBINAR SERIES
evolution
THURSDAY, APRIL 9, 2020
11:00 AM – 12:00 PM EDT
actioninto
MODERATOR: Marc B. Sonnenberg
PANELISTS: John Eusanio, Brian Giganti & Konrad Schweitzer
2
evolution COVID -19 UPDATE
TITLE
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• TBD
WELCOME &
INTRODUCTION
John Eusanio, CPA, CGMA
Partner & Not-For-Profit Practice Leader
Marc B. Sonnenberg, CPA
Partner
3
evolution TAKE OUR SURVEY
actioninto
In an effort to assist our clients and communities through this
difficult time, Citrin Cooperman's Not-For-Profit Practice Group
is tracking the effects of the Coronavirus (COVID-19)
Pandemic on Not-for-Profits.
The COVID-19 Business Impact Survey should take less than 10
minutes to complete, and the deadline for responses is Friday,
April 24, 2020 at 3:00 pm. Please participate in our survey and
share it with others so we have representative data.
4
evolution
NFP SPEAK - COVID-19 WEB SERIES
PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN
REMOTE ENVIRONMENT
AGENDA
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• Impact of COVID-19 on Financial Statements
• Remote Internal Control Considerations
• Compliance, Extensions, and CARES Act
• Questions and Answers
5
evolution
NFP SPEAK - COVID-19 WEB SERIES
PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN
REMOTE ENVIRONMENT
KEY REMINDERS / USING ZOOM
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• The webinar is 1 hour and based on your participation.
• You have joined in listening mode only.
• You will have the opportunity to submit questions to our moderator/speakers by typing
your questions into the Q&A icon on the Zoom panel.
• This session is being recorded and a playback link will be sent.
6
evolution COVID -19 UPDATE
TITLE
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• TBD
MODERATOR & SPEAKERS
John Eusanio, CPA, CGMA
Partner & Not-For-Profit Practice
Leader
646.979.6091
jeusanio@citrincooperman.com
Marc B. Sonnenberg, CPA
Partner
631.730.5614
msonnenberg@citrincooperman.com
Konrad Schweitzer, CPA
Manager
301.834.2508
kschweitzer@citrincooperman.com
Brian Giganti, CPA
Partner
301.834.2475
bgiganti@citrincooperman.com
7
evolution
NFP SPEAK - COVID-19 WEB SERIES
PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN
REMOTE ENVIRONMENT
IMPACT OF COVID-19 ON FINANCIAL
STATEMENTS
actioninto
8
evolution
NFP SPEAK - COVID-19 WEB SERIES
PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN
REMOTE ENVIRONMENT
REMOTE INTERNAL CONTROLS
CONSIDERATIONS
actioninto
9
evolution NFP SPEAK - COVID-19 WEB SERIES
PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN
REMOTE ENVIRONMENT
COMPLIANCE, EXTENSIONS AND CARES ACT
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10
evolution
NFP SPEAK - COVID-19 WEB SERIES
PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN
REMOTE ENVIRONMENT
QUESTIONS & ANSWERS
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11
evolution JOIN US
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Part 3: Information Technology & Cyber Security Risk Awareness
April 16, 2020 – 11:00 am to 12:00 pm EST
Part 4: Sustainability & Liquidity in a Crisis
April 23, 2020 – 11:00 am to 12:00 pm EST
Part 5: Resiliency & Moving Forward Successfully
April 30, 2020 – 11:00 am to 12:00 pm EST
12
evolution COVID-19 RESPONSE UNIT
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Find constant, real-time access to tax alerts, industry-specific
communications, and recession preparedness tools you can use to help with
your business needs. Please visit our COVID-19 Response Unit at
(www.citrincooperman.com/CRU).
13
evolution ABOUT CITRIN COOPERMAN’S NOT-FOR-
PROFIT PRACTICE
actioninto
Citrin Cooperman’s dedicated Not-For-Profit Practice forms collaborative partnerships with
not-for-profit organizations to gain a deep understanding of their missions and drive creative
solutions tailored to their unique needs.
We are committed to your compliance, governance, regulatory, and consulting
needs so you can focus on what counts: your mission.
Our team members are active on boards of local not-for-
profit organizations and national associations. This
enhances our ability to serve our clients and demonstrates
our commitment to providing unparalleled service to the
not-for-profit industry.
To learn more about our Not-For-Profit Group and the
services we provide, please click the following link
https://www.citrincooperman.com/industries/not-for-profit.
14
evolution ABOUT CITRIN COOPERMAN
actioninto
THANK
YOU
evolutionwww.citrincooperman.com
actioninto

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NFP Speak: COVID-19 Webinar Series - Part 2 - Financial Reporting and Internal Controls Considerations in Remote Environment

  • 1. NFP SPEAK PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN REMOTE ENVIRONMENT CITRIN COOPERMAN’S NOT-FOR-PROFIT COVID-19 WEBINAR SERIES evolution THURSDAY, APRIL 9, 2020 11:00 AM – 12:00 PM EDT actioninto MODERATOR: Marc B. Sonnenberg PANELISTS: John Eusanio, Brian Giganti & Konrad Schweitzer
  • 2. 2 evolution COVID -19 UPDATE TITLE actioninto • TBD WELCOME & INTRODUCTION John Eusanio, CPA, CGMA Partner & Not-For-Profit Practice Leader Marc B. Sonnenberg, CPA Partner
  • 3. 3 evolution TAKE OUR SURVEY actioninto In an effort to assist our clients and communities through this difficult time, Citrin Cooperman's Not-For-Profit Practice Group is tracking the effects of the Coronavirus (COVID-19) Pandemic on Not-for-Profits. The COVID-19 Business Impact Survey should take less than 10 minutes to complete, and the deadline for responses is Friday, April 24, 2020 at 3:00 pm. Please participate in our survey and share it with others so we have representative data.
  • 4. 4 evolution NFP SPEAK - COVID-19 WEB SERIES PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN REMOTE ENVIRONMENT AGENDA actioninto • Impact of COVID-19 on Financial Statements • Remote Internal Control Considerations • Compliance, Extensions, and CARES Act • Questions and Answers
  • 5. 5 evolution NFP SPEAK - COVID-19 WEB SERIES PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN REMOTE ENVIRONMENT KEY REMINDERS / USING ZOOM actioninto • The webinar is 1 hour and based on your participation. • You have joined in listening mode only. • You will have the opportunity to submit questions to our moderator/speakers by typing your questions into the Q&A icon on the Zoom panel. • This session is being recorded and a playback link will be sent.
  • 6. 6 evolution COVID -19 UPDATE TITLE actioninto • TBD MODERATOR & SPEAKERS John Eusanio, CPA, CGMA Partner & Not-For-Profit Practice Leader 646.979.6091 jeusanio@citrincooperman.com Marc B. Sonnenberg, CPA Partner 631.730.5614 msonnenberg@citrincooperman.com Konrad Schweitzer, CPA Manager 301.834.2508 kschweitzer@citrincooperman.com Brian Giganti, CPA Partner 301.834.2475 bgiganti@citrincooperman.com
  • 7. 7 evolution NFP SPEAK - COVID-19 WEB SERIES PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN REMOTE ENVIRONMENT IMPACT OF COVID-19 ON FINANCIAL STATEMENTS actioninto
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  • 9. 9 evolution NFP SPEAK - COVID-19 WEB SERIES PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN REMOTE ENVIRONMENT COMPLIANCE, EXTENSIONS AND CARES ACT actioninto
  • 10. 10 evolution NFP SPEAK - COVID-19 WEB SERIES PART 2: FINANCIAL REPORTING AND INTERNAL CONTROLS CONSIDERATIONS IN REMOTE ENVIRONMENT QUESTIONS & ANSWERS actioninto
  • 11. 11 evolution JOIN US actioninto Part 3: Information Technology & Cyber Security Risk Awareness April 16, 2020 – 11:00 am to 12:00 pm EST Part 4: Sustainability & Liquidity in a Crisis April 23, 2020 – 11:00 am to 12:00 pm EST Part 5: Resiliency & Moving Forward Successfully April 30, 2020 – 11:00 am to 12:00 pm EST
  • 12. 12 evolution COVID-19 RESPONSE UNIT actioninto Find constant, real-time access to tax alerts, industry-specific communications, and recession preparedness tools you can use to help with your business needs. Please visit our COVID-19 Response Unit at (www.citrincooperman.com/CRU).
  • 13. 13 evolution ABOUT CITRIN COOPERMAN’S NOT-FOR- PROFIT PRACTICE actioninto Citrin Cooperman’s dedicated Not-For-Profit Practice forms collaborative partnerships with not-for-profit organizations to gain a deep understanding of their missions and drive creative solutions tailored to their unique needs. We are committed to your compliance, governance, regulatory, and consulting needs so you can focus on what counts: your mission. Our team members are active on boards of local not-for- profit organizations and national associations. This enhances our ability to serve our clients and demonstrates our commitment to providing unparalleled service to the not-for-profit industry. To learn more about our Not-For-Profit Group and the services we provide, please click the following link https://www.citrincooperman.com/industries/not-for-profit.
  • 14. 14 evolution ABOUT CITRIN COOPERMAN actioninto