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Not-for-Profit Governance and Assurance
CPE Self-study

Not-for-Profit Governance and Assurance

Part of the Not-for-Profit Certificate I Program, this series of CPE courses provides a comprehensive grounding on the key not-for-profit issues related to governance and assurance, and includes real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience.

$236 - $375
Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Auditing

Level

Basic

CPE Credits

11

Author(s)

Karen Craig

Availability

1 year

Learning Outcomes
  • Recall the roles and responsibilities that are typically assumed by an NFP’s governing body and management
  • Identify common risks faced by NFPs and apply the Enterprise Risk Management (ERM) framework to identify and manage those risks
  • Recall how to apply concepts of internal controls within the NFP reporting environment and governance structure
  • Recognize techniques used to interpret an NFP’s financial statements, prepare a budget and measure performance
  • Identify the key steps to planning an audit and recall some of the basic documentation and procedures performed by an NFP’s independent auditors
  • Recognize and effectively respond to common fraud risks in NFPs
Key Topics
  • Meaning of exempt purpose
  • Related vs. unrelated activities
  • Definition of unrelated business income
  • Consequences of excessive unrelated business income
  • Exempt vs. non-exempt income
  • Statutory exemptions and exclusions
  • IRS Filing Requirements
Product Details

This series of CPE courses is a part of the comprehensive Not-for-Profit Certificate 1 Program. This track can be purchased individually, or as a part of the full Certificate Program.

The six courses in this track will provide a foundation in board governance, auditing and financial oversight of not-for-profit entities (NFPs) with a focus on governance practices, risk management, internal control, audit planning and preparation. Topics include auditor communications to those charged with governance, risk assessment and fraud prevention for NFPs. Also discussed is the board’s role in oversight, budget and strategy. This interactive 12-hour CPE program contains real-world examples, case studies, animations and videos to create a flexible, dynamic learning experience that you can complete anytime, anywhere.

COURSES INCLUDED

Who Will Benefit
  • CPA and non-CPA staff at small to mid-sized firms who perform not-for-profit financial reporting engagements, including partners and managers at these firms who wish to enter the NFP industry and need a basic understanding of the sector.
  • Board members and fin ancial or non-financial staff members at not-for-profit organizations who are new to NFPs or who wish to expand on their understanding of the fundamental financial management issues that are unique to NFPs. A basic understanding of accounting is recommended.
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Online
$375.00
AICPA Members
Online
$295.00
NFP Section Members
Online
$236.00

Looking for group pricing?

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
11
NASBA Field of Study
Auditing, Business Management and Organization
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.
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.

Not-for-Profit Governance and Assurance
Select from the following options:
Online
$375.00
Nonmember Price
$375.00
Price excluding sales tax
$375.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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