Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit (ANFP)

Course Details

Date

Thursday, September 12, 2019

3:00am – 11:00am

Field of Study

Auditing (Governmental)

Course Number

SU0184

CPE Credit

8.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Basic auditing knowledge

Description

It's been said that you cannot fit a square peg into a round hole. The same principle holds true for audits of not-for-profit entities. You simply cannot apply a standard commercial audit approach to the audit of a not-for-profit entity and expect a good fit. Skilled auditors will instead adjust and hone the audit to fit the not-for-profit entity. This course is designed to help you do just that and equip you with the superior skills needed to excel in auditing not-for-profit entities. Updated for ASU No. 2016-14 (i.e., the new not-for-profit reporting model), the course materials utilize a highly illustrative and innovative format. Over 25 focused exercises are included to provide an enhanced working knowledge of auditing not-for-profit entities.

Highlights

  • Refining key planning and general auditing considerations to the not-for-profit environment
  • Characteristics of not-for-profit financial statements that require special attention
  • The auditor’s consideration of fraud in auditing a not-for-profit entity
  • Audit procedures to become comfortable with management’s recording and reporting of contributions and promises to give
  • Auditing how a not-for-profit entity gets from natural expenses to functional expenses
  • Auditing considerations and techniques related to net assets, compliance with tax laws and regulations, collections and split-interest agreements
  • Considerations related to Yellow Book and single audits

Objectives

  • Identify what distinguishes not-for-profit auditing from commercial sector auditing
  • Skillfully adjust the audit for the characteristics of a not-for-profit entity
  • More effectively audit not-for-profit entities through superior knowledge of key issues

Designed For

Auditors of not-for-profit entities

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$239.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$339.00
Your Price $339.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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