AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
product-image
Best Practices in Board Governance: Not-for-Profit Governance and Assurance
CPE Self-study

Best Practices in Board Governance: Not-for-Profit Governance and Assurance

Provides an overview of procedures and policies which help maintain good governance and financial oversight by an NFP's board.

$23.20 - $39
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Business Management and Organization

Level

Basic

CPE Credits

1

Author(s)

Karen Craig

Availability

1 year

Product Number

165151

 Business & partner 
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.

The governing board of a not-for-profit (NFP) establishes the strategic objectives of the organization and oversees its management to carry out the organization's mission. Along with this responsibility comes legal and ethical obligations to the NFP. An NFP's governing body has liability for the NFP and, therefore, it is the final authority. No matter what the size of the organization, board members are expected to make reasonable and sound judgments when acting on behalf of the NFP. This CPE course provides an overview of procedures and policies which help maintain good governance and financial oversight by an NFP's board.

Note: As of July 31, 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).

Key Topics
  • NFP structure
  • Principles of good governance
  • Legal compliance
  • Duty of care
  • Duty of loyalty
  • Duty of obedience
  • Policies and procedures
  • Effective governance
  • Governing boards
  • Governance practices
  • Board responsibilities
  • Financial oversight
Learning Outcomes
  • Distinguish between the functional areas of an NFP.
  • Recall the basic responsibilities of NFP board members.
  • Recognize policies related to good governance.
Credit Info
CPE Credits
Online
1
NASBA Field of Study
Business Management and Organization
Level
Basic
Prerequisites
Knowledge of the not-for-profit industry
Access
Online
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$39.00
AICPA Members
Online
$29.00
NFP Section Members
Online
$23.20

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
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.
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.

Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Cancellation Policy
View our Cancellation policy here
Best Practices in Board Governance: Not-for-Profit Governance and Assurance
Select from the following options:
Online
$39.00
Nonmember Price
$39.00
Price excluding sales tax
$39.00
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