Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit
Available Anytime
Location:
Online
8Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$215.00 Regular Price
Product Code: SU24-ANFP-SSDL
Level: Intermediate
Vendor: Surgent
Field of Study: Auditing (Governmental)
Overview:
It's been said that you cannot fit a square peg into a round hole. The same principle holds true for audits of not-for-profit entities. You cannot simply apply a standard commercial audit approach to the audit of a not-for-profit entity and expect a good fit. Skilled auditors will instead adjust the audit approach to fit the not-for-profit entity. This course is designed to help you do just. It will equip you with the superior skills needed to excel in auditing not-for-profit entities. The course materials utilize a highly illustrative and innovative format. Over 25 focused exercises are included to provide an enhanced working knowledge of auditing not-for-profit entities.Objectives:
- Identify what distinguishes not-for-profit auditing from commercial sector auditing
- Skillfully adjust the audit for the characteristics of a not-for-profit entity
- More effectively audit not-for-profit entities through superior knowledge of key issues
Major Topics:
- Refining key planning and general auditing considerations to the not-for-profit environment
- Characteristics of not-for-profit financial statements that require special attention
- The auditor’s consideration of fraud in auditing a not-for-profit entity
- Audit procedures to become comfortable with management’s recording and reporting of contributions and promises to give
- Auditing how a not-for-profit entity gets from natural expenses to functional expenses
- Auditing considerations and techniques related to net assets, compliance with tax laws and regulations, collections and split-interest agreements
- Considerations related to Yellow Book and single audits
Designed For:
Auditors of not-for-profit entitiesPrerequisite:
Basic auditing knowledgeAdditional Info:
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For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.