Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit Webinar

• 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

• 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
• The 2017 version of the course will also contain bonus coverage of the new ASU on not-for-profit financial statements (i.e., ASU No. 2016-14) and a discussion of issues related to the revenue recognition standard