Planning the Audit Engagement

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1.5 Credits

This CPE course provides guidance for planning a not-for-profit (NFP) audit engagement. The key to an effective audit is adequate planning and preparation, as well as two-way communication between an NFP's independent auditors and management.


  • Recognize the unique characteristics of NFPs and considerations for audit planning;
  • Recall the key steps to planning an audit engagement;
  • Identify basic audit documentation that is needed for audit planning and preparation
  • Recall the auditor's responsibility for fraud.

Major Topics

  • NFP audit overview
  • Understanding the entity and its environment
  • Unique reporting requirements for NFPs
  • Audit planning
  • Internal controls
  • Risk assessment
  • Considerations of fraud
  • Auditor documentation

Designed For

CPAs who perform not-for-profit (NFP) audit engagements as well as staff and board members at small- and medium-sized NFPs.
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