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

Friday, September 10 9:00am - 5:00pm

(Check-In 8:30am)

Add to Calendar

Online

8.00 Credits

Member Price $259.00

Non-Member Price $384.00

Overview

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


Instructor Name: Charlie Blanton, CPA

Prerequisites

Basic auditing knowledge

Designed For

Auditors of not-for-profit entities

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

Preparation

None

Notice

You will receive an email confirmation from info@surgent.commailto:info@surgent.com with your login instructions.

Non-Member Price $384.00

Member Price $259.00