Not-for-Profit Governance and Assurance Track

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Overview

11.0 Credits
ONLINE

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

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.
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