Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit

  • Monday, May 1, 2023 – Tuesday, April 30, 2024

  • 8.00
    Auditing (Governmental)

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.


  • 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


  • 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

Additional Information

Designed For

Auditors of not-for-profit entities



Advanced Preparation



8.00 Auditing (Governmental)


Basic auditing knowledge

Course Number


Level of Knowledge


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