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20SS-0079: Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit (Self-Study)

Valid for one year from purchase date
Self-study - On-Demand
8 CPE (8 technical)  |  8 Yellow Book

If the organization paying for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.

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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.

Major subjects

  • 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

Learning objective(s)

  • 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

Who should take this program?

Auditors of not-for-profit entities

Fees

Our records indicate you are a nonmember. If you register, you will be charged $155.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $155.00
checkmark Standard Nonmember Fee $155.00

More program information

Area
of study
Not-for-profit
Field(s)
of study
Auditing (Governmental) - Technical (8.0)
Level Intermediate
Format Self-study - On-Demand
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. Basic auditing knowledge
Advance
prep
None

If the organization paying for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.

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