Planning the Audit Engagement: Not-for-Profit Governance and Assurance

Overview

This course provides an overview of audit planning considerations.

Highlights

Key Topics

• Audit planning
• System of internal control components
• Risk assessment
• Identifying fraud

Prerequisites

None

Designed For

Who Will Benefit

CPAs, board members, and accounting professionals new to NFPs or in need of a refresher.

Objectives

Learning Outcomes

• Recognize the purpose of the audit engagement for an NFP.
• Distinguish the unique aspects of the NFP and its environment.
• Identify laws and regulations that may have a direct and material effect on the determination of financial statement amounts.
• Identify planning activities related to an audit.
• Identify the components of a system of internal control.
• Recognize risk assessment in an audit of an NFP.
• Recall the auditor's responsibility to identify fraud.