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.)
Learning 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
Major Topics
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.)
