Self-Study

Not-for-Profit Governance and Assurance Track

  • Monday, May 1, 2017 – Monday, April 30, 2018

  • 11
    CREDITS
    Auditing, Business Management and Organization, Finance

The six courses in this track will provide a foundation in board governance, auditing and financial oversight of not-for-profit entities (NFPs) with a focus on governance practices, risk management, internal control, audit planning and preparation. Topics include auditor communications to those charged with governance, risk assessment and fraud prevention for NFPs

Objectives

  • Recall the roles and responsibilities that are typically assumed by an NFP's governing body and management
  • Identify common risks faced by NFPS and apply the Enterprise Risk Management framework to identify and manage those risks
  • Recall how to apply concepts of internal controls within the NFP reporting environment and governance structure
  • Recognize techniques used to interpret an NFP's financial statements, prepare a budget and measure performance
  • Identify the key steps to planning an audit and recall some of the basic documentation and procedures performed by an NFP's independent auditors
  • Recognize and effectively respond to common fraud risks in NFPS

Additional Information

Designed For

CPA and non-CPA staff at small to mid-sized firms who perform not-for-profit financial reporting engagements, including partners and managers at these firms who wish to enter the NFP industry and need a basic understanding of the sector.

Board members and financial or non-financial staff members at not-for-profit organizations who are new to NFPs or who wish to expand on their understanding of the fundamental financial management issues that are unique to NFPs.

Vendor

American Institute of CPAs

Field of Study

Auditing, Business Management and Organization, Finance

Course Number

17AIS0052

Level of Knowledge

Basic

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