AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
product-image
Auditing Considerations: Not-for-Profit Governance and Assurance
CPE Self-study

Auditing Considerations: Not-for-Profit Governance and Assurance

Covers the assertions to be used in developing audit objectives and designing tests of controls and substantive tests for several accounting and reporting areas unique to not-for-profits.

$39.20 - $59
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Auditing

Level

Basic

CPE Credits

1.5

Author(s)

Karen Craig

Availability

1 year

Product Number

165156

 Business & partner 
Learning Outcomes
  • Recognize the accounting and reporting areas unique to not-for-profit entities./li>
  • Identify the audit assertions used to develop audit objectives and design substantive tests in an audit of an NFP.
  • Recall possible audit procedures to be performed for NFP specific transactions.
Key Topics
  • Basic audit overview
  • Special considerations for auditing NFPs
  • Contributions
  • Exchange and agency transactions
  • Split-interest agreements
  • Endowments
  • Uniform Prudent Management of Institutional Funds Act (UPMIFA)
  • Functional expenses
  • Joint costs
  • Financial statement presentation
  • Usage of tax-exempt debt proceeds
Product Details

This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Governance and Assurance track.

Not-for-profits (NFPs) have unique accounting and reporting requirements that should be considered when planning and performing audits of NFPs. This CPE course reviews the assertions to be used in developing audit objectives and designing tests of controls and substantive tests for several accounting and reporting areas unique to NFPs. It also discusses some possible audit procedures for consideration based on those assertions.

Note: As of August 1, 2018, course content has been updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).

Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$59.00
AICPA Members
Online
$49.00
NFP Section Members
Online
$39.20

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Credit Info
CPE Credits
Online
1.5
NASBA Field of Study
Auditing
Level
Basic
Prerequisites
Knowledge of the not-for-profit industry
Access
Online
This is a digital product. You will have access to the content for 1 year after purchase date.
Yellow Book Hours
1
Instructors
Karen Craig
Karen Craig, CPA, is a consultant providing technical accounting, reporting, finance, and analytical expertise to not-for-profits with a focus on higher education. She holds a degree in journalism and an MBA from California Polytechnic State University and is a licensed CPA in California. From 2002 to 2009, Karen was an Associate Controller at Stanford University where she was responsible for the overall operations of the university's investment accounting, financial reporting, capital accounting, payroll and disbursements departments. Prior to her work at Stanford, she was Controller for a software startup company and a Senior Audit Manager with PricewaterhouseCoopers. Karen hold memberships in the AICPA, in which she is an ex-officio member of the AICPA Not-for-Profit Industry Expert Panel, and the National Association of College and University Business Officers (NACUBO) in which she is a technical advisor to its Accounting Principles Council.
Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Auditing Considerations: Not-for-Profit Governance and Assurance
Select from the following options:
Online
$59.00
Nonmember Price
$59.00
Price excluding sales tax
$59.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content