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.
DESIGNED FOR
Auditors of not-for-profit entities
BENEFITS
- 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
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 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
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for Yellow Book.