Auditing Considerations: Not-for-Profit Governance and Assurance

Online Course Available 24/7 CPE: 1.5 Format: On-Demand
COURSE DESCRIPTION

Not-for-profits (NFPs) have unique accounting and reporting requirements that should be considered when planning and performing audits of NFPs.

This CPE course reviews the assertions to be used in developing audit objectives and designing tests of controls and substantive tests for a number of accounting and reporting areas unique to NFPs. It also discusses some possible audit procedures for consideration based on those assertions.

LEARNING OBJECTIVES
When you complete this course, you will be able to:
Recognize the accounting and reporting areas unique to not-for-profit entities (NFPs)
Identify the audit assertions used to develop audit objectives and design substantive tests in an audit of an NFP
Recall possible audit procedures to be performed for NFP specific transactions.
MAJOR TOPICS
Basic audit overview
Contributions
Special considerations for auditing NFPs
Exchange and agency transactions
Split-interest agreements
Endowments
Uniform Prudent Management of Institutional Funds Act (UPMIFA)
Functional expenses
Financial statement presentation
Usage of tax-exempt debt proceeds
COURSE DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing
CPE FIELD OF STUDY
Auditing (1.5 Credits)
WHO SHOULD ATTEND
CPAs, financial professionals and NFP board members involved in or reviewing audits for NFPs.
INSTRUCTOR(S)
Karen Craig
PREREQUISITES
None
COURSE LEVEL
Basic

MACPA MEMBER


$ (% off)
$49.00
Price includes $xx early registration discount(s) - expires xx/xx

NON-MEMBER


$ (% off)
$59.00
Price includes $xx early registration discount(s) - expires xx/xx
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