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Wednesday, October 28, 2020 Webcast

Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit (X1-ANFP-2020-01-WEBNR-302-01)

9:00 AM - 5:00 PM EDT
webcast

Webcast

8.0 CPE Credits in AA

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 simply cannot 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 and hone the audit to fit the not-for-profit entity. This course is designed to help you do just that and equip you with the superior skills needed to excel in auditing not-for-profit entities. Updated for ASU No. 2016-14 (i.e., the new not-for-profit reporting model), 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.

DESIGNED FOR

Auditors of not-for-profit entities.

BENEFITS

  • 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

HIGHLIGHTS

  • 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

COURSE LEVEL

Intermediate

PREREQUISITES

Basic auditing knowledge.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book.

INSTRUCTOR

John Blanton

John C. Blanton, CPA

Charlie is the Sr. Director of Government & Nonprofit Content for Surgent Professional Education. He has more than 25 years of experience in auditing and industry having worked at KPMG, the Texas Society of CPAs, Taylor Publishing, Texas Wesleyan University, and the AICPA. Charlie authors Surgent’s government and nonprofit CPE courses, conducts live presentations, and teaches well over 50 webinars annually in the government and nonprofit arena.

PRICING

$249.00 - Member

$259.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

Surgent

Qualifies For

  • Yellow Book