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Lee Klumpp, CPA, CGMA

National Assurance, Director for the Nonprofit & Education Industry BDO

BDO USA, LLP


Lee Klumpp is BDO’s National Assurance, Director for the Nonprofit & Education Industry. Lee recently completed a fellowship at the Financial Accounting Standards Board (FASB). During Lee's fellowship, he led the FASB's project to reexamine existing standards for financial statement presentation by not-for-profit entities, focusing on improving the net asset classification requirements and information provided in financial statements and notes about liquidity, financial performance, and cash flows. He also focused on various FASB agenda projects and implementation and emerging practice problems in the nonprofit industry. His responsibilities included making recommendations to the Board on technical issues and developing and drafting Accounting Standards Update.

Lee has 20 years of experience serving a diverse group of nonprofit organizations while working for BDO and previously in the audit practices of Ernst and Young, LLP and KPMG. In his role at BDO, he spends a significant amount of time researching, writing, and disseminating information related to recent accounting and auditing pronouncements promulgated by the FASB, the Governmental Accounting Standards Board (GASB), the Office of Management and Budget, the Government Accountability Office, the Auditing Standards Board, and other groups that provide guidance for the nonprofit industry. Additionally, Lee is an accomplished speaker and has spoken on various not-for-profit accounting, governance auditing, internal control, governance, financial reporting, and single audit issue topics related to nonprofit organizations around the country.

Product Type
Live Webcast

ACPEN Signature 2025: Single Audit and Uniform Guidance Issues Update


Total Credits: 8 including 8 Auditing (Governmental) - Technical

Average Rating:
Not yet rated
Categories:
ACPEN Signature |  Accounting and Auditing |  Yellow Book
Faculty:
Frank Crawford, CPA |  David L. Cotton, CPA, CFE, CGFM |  Lindsey Kennimer, CPA |  Lee Klumpp, CPA
Duration:
8 Hours
Price:
$250.00 - Member

Wed, May 28, 2025 - 10:00am to 06:00pm EDT


Product Type
Live Webcast

ACPEN Signature 2025: Not-for-Profit Accounting, Auditing & Tax Update


Total Credits: 8 including 3 Accounting - Technical, 2 Auditing- Technical, 1 Regulatory Ethics - Technical, 2 Taxes - Technical

Average Rating:
Not yet rated
Categories:
ACPEN Signature |  IRS Approved |  Tax
Faculty:
C. Clinton Davis, CPA, JD |  Jeffrey D. Mechanick, CPA, M.B.A. |  J. Michael Inzina, CPA, CGFM, CGMA |  Lee Klumpp, CPA |  Maggie Elliott, CPA
Duration:
8 Hours
Price:
$250.00 - Member

Wed, Jun 11, 2025 - 10:00am to 06:00pm EDT


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