Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit On-Demand Webcast

May 1st, 2023 - April 30th, 2024 @ -

Member Price $189
Non-Member Price $205
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Credits

8

Description

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 the ways not-for-profit auditing differs from commercial sector auditing
  • Skillfully adjust audits to suit the characteristics of not-for-profit entities
  • More effectively audit not-for-profit entities using superior knowledge of key issues

Major Subjects

  • 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 fraud considerations in auditing not-for-profit entities
  • Audit procedures to become comfortable with management’s recording and reporting of contributions and promises to give
  • Auditing a not-for-profit entity’s transition from natural 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

Prerequisites

Basic auditing knowledge