- FASB and AICPA accounting and auditing standards relevant to not-for-profit entities. - Impact of new standards on NFP financial reporting, internal controls, and audit procedures. - Updates to single audit requirements and best practices to streamline compliance and reduce risk for both NFPs and their auditors.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Explain the latest FASB and AICPA accounting and auditing standards relevant to not-for-profit entities, including their implementation timelines and key compliance requirements.
- Assess the impact of new standards on NFP financial reporting, internal controls, and audit procedures to ensure accurate and transparent disclosures.
- Apply updates to single audit requirements and best practices to streamline compliance and reduce risk for both NFPs and their auditors.
Major Topics
- FASB and AICPA accounting and auditing standards relevant to not-for-profit entities.
- Impact of new standards on NFP financial reporting, internal controls, and audit procedures.
- Updates to single audit requirements and best practices to streamline compliance and reduce risk for both NFPs and their auditors.
