Surgent's Simply Auditing Not-for-Profits Efficiently

Overview

It’s crazy to try to audit not-for-profits in the same manner that you do for-profits! The sane approach to auditing not-for-profits is to incorporate what makes them unique into the planning and performance of the audit. This course is designed to help you do just that! Obtain a superior working knowledge of auditing not-for-profit entities effectively and efficiently.

Highlights

• How distinctive funding sources, different operating purposes, and lack of ownership interests affect risk assessment and planning in the audit of a not-for-profit
• Key considerations and auditing procedures applied in auditing contributions, functional expenses, net assets, etc.
• Frequent issues arising in audits of not-for-profits (e.g., independence concerns, communicating with those charged with governance, Yellow Book audits, single audits, etc.)

Prerequisites

Basic auditing knowledge

Designed For

Auditors of 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 efficiently audit not-for-profits using enhanced knowledge of key issues

Preparation

None

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education. The course expires one year from the purchase date. Format = On-Demand Webcast.