Provides an overview of risk assessment and internal controls for NFPs needing a risk management system designed for their size and complexity.
NASBA Field of Study
Business Management and Organization
When organizations don’t focus on risk management as a priority, risks can quickly escalate into crises. At that point, it is too late to plan ahead and the organization often has a complex situation on hand which is difficult to handle optimally. To avoid this, it is vital for all not-for-profit entities (NFPs) to have a risk management system designed for their size and complexity. This CPE course provides an overview of risk assessment and internal controls for NFPs.
Note: As of August 1, 2018, the content of this course has been significantly 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).
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