23SS-0068: 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 - Downloadable PDF
8 CPE (8 technical)  |  8 Yellow Book

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 cannot simply 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 the audit approach to fit the not-for-profit entity. This course is designed to help you do just. It will equip you with the superior skills needed to excel in auditing not-for-profit entities. 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 fraud considerations in auditing not-for-profit entities
• Audit procedures to become comfortable with management's recording and reporting of contributions and promises to give
• Auditing a not-for-profit entity's transition from natural 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 the ways not-for-profit auditing differs from commercial sector auditing
• Skillfully adjust audits to suit the characteristics of not-for-profit entities
• More effectively audit not-for-profit entities using superior knowledge of key issues

Who should take this program?

Auditors of not-for-profit entities

Fees

Standard Member Fee	$159.00
Standard Nonmember Fee	$159.00