Simply Auditing Not-for-Profits Efficiently

Overview

You could pay $0 for this course!

It's crazy to try to audit not-for-profits in the same manner that you do for-profits! The sane approach to auditing not-for-profits is to incorporate what makes them unique into the planning and performance of the audit. This course is designed to help you do just that! Obtain a superior working knowledge of auditing not-for-profit entities effectively and efficiently.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-12970. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

How distinctive funding sources, different operating purposes, and lack of ownership interests affect risk assessment and planning in the audit of a not-for-profit Key considerations and auditing procedures applied in auditing contributions, functional expenses, net assets, etc. Frequent issues arising in audits of not-for-profits (e.g., independence concerns, communicating with those charged with governance, Yellow Book audits, single audits, etc.)

Prerequisites

Basic auditing knowledge

Designed For

Auditors of not-for-profit entities

Objectives

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 efficiently audit not-for-profits using enhanced knowledge of key issues