Vermont Society of Certified Public Accountants
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Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit

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Member Price: $279.00
Non-Member Price: $399.00

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Date/Time:
Mar 25, 2025, 9:00am–5:00pm
Developer:
SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:
Auditing (Governm.): 8.00
Fields of Study:
Auditing (Governmental)
Level:
Intermediate
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.

Objective

  • 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

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

Designed For

Auditors of not-for-profit entities

Prerequisite

Basic auditing knowledge

Advanced Preparation

None
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