Planning the Audit Engagement: Not-for-Profit Governance and Assurance

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

This CPE course is included in the 40-hour Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Certificate I Governance and Assurance Bundle.

Audit planning involves: performing preliminary engagement activities; establishing an overall audit strategy and communicating with those charged with governance an overview of the planned scope and timing of the audit; developing a detailed, written audit plan; determining direction and supervision of engagement team members and review of their work; and determining the extent of involvement of professionals with specialized skills.

This CPE course provides guidance for planning a not-for-profit (NFP) audit engagement. The key to an effective audit is adequate planning and preparation, as well as two-way communication between an NFP’s independent auditors and management.

LEARNING OBJECTIVES
Upon completion of this course, participants will be able to:
Recognize the unique characteristics of NFPs and considerations for audit planning
Recall the key steps to planning an audit engagement
Identify basic audit documentation that is needed for audit planning and preparation
Recall the auditor’s responsibility for fraud
MAJOR TOPICS
NFP audit overview
Understanding the entity and its environment
Unique reporting requirements for NFPs
Audit planning
Internal controls
Risk assessment
Considerations of fraud
Auditor documentation
COURSE DETAILS
CPE FIELD OF STUDY
Auditing (1.5 Credits)
WHO SHOULD ATTEND
CPAs who perform not-for-profit (NFP) audit engagements as well as staff and board members at small- and medium-sized 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
REGISTER FOR THIS COURSE
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