Not-for-Profit Governance and Assurance
Part of the Not-for-Profit Certificate I Program, this series of CPE courses provides a comprehensive grounding on the key not-for-profit issues related to governance and assurance, and includes real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience.
Format
Online
NASBA Field of Study
Auditing
Level
Basic
CPE Credits
11
Author(s)
Karen Craig
Availability
1 year
Product Number
165150
This series of CPE courses is a part of the comprehensive Not-for-Profit Certificate 1 Program. This track can be purchased individually, or as a part of the full Certificate Program.
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. Also discussed is the board’s role in oversight, budget and strategy. This interactive 12-hour CPE program contains real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience that you can complete anytime, anywhere.
COURSES INCLUDED
- 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 fin ancial 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. A basic understanding of accounting is recommended.
- Meaning of exempt purpose
- Related vs. unrelated activities
- Definition of unrelated business income
- Consequences of excessive unrelated business income
- Exempt vs. non-exempt income
- Statutory exemptions and exclusions
- IRS Filing Requirements
- 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 (ERM) 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
Group ordering for your team
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