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

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Availability

On-Demand

Cost

Member: $79.00

Non-Member: $95.00

Retired: $79.00

Educator & Government & Non-Profit Member: $79.00

Credit Offered

2.5 CPE Credits

Field of Study:

2.5 Auditing

Audits of not-for-profit entities (NFPs) are similar in many ways to audits of commercial entities. There are, however, numerous unique aspects that should be considered when planning audits of NFPs. This course provides an overview of audit planning considerations.

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.

Key Topics

Audit planning
System of internal control components
Risk assessment
Identifying fraud

Who Will Benefit

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