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Nonprofit External Financial Statement Walkthrough

Nonprofit External Financial Statement Walkthrough

Join industry experts as they discuss common financial statement errors for nonprofit entities, and how to avoid them.



NASBA Field of Study




CPE Credits



Jennifer Hoffman, Paul Preziotti


3 months

Learning Outcomes
  • Identify how external financial reporting may differ from internal financial reporting for nonprofit entities.
  • Identify common errors in external financial statements produced by nonprofit entities
  • Identify examples of common financial statement
Key Topics
  • External reporting
  • Avoiding common financial statement pitfalls
Product Details

This webcast is part 3 of a 4 part series where we will walk-through external financial reporting. Join industry experts as they discuss common financial statement errors for nonprofit entities, and how to avoid them. During this webcast we will review sample financial statements of nonprofit entities and analyze errors that can be easy to overlook during preparation and/or review of financial statements.

Who Will Benefit
  • Individuals with knowledge of or interest in the not-for-profit industry
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More Details
NASBA Field of Study
Knowledge of the not-for-profit industry
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
2 hrs
Jennifer Hoffman
Jennifer serves as a Partner, Not-for-Profit Services in Grant Thornton’s Metro New York practice and is a fully dedicated member of Grant Thornton’s Northeast Region Not-for-Profit Practice. She joined Grant Thornton in September 2003 after spending eight years at a Big 4 firm. Jennifer has over seventeen years of experience serving clients in the Not-for-Profit sector and brings a variety of experience and skills to her clients. Her clients have included social service organizations, religious organizations as well as foundations national organizations and higher education institutions. In addition, Jennifer serves as the primary Concurring Reviewer for Not-for-Profit engagements in Metro New York and a frequent speaker at external industry events as well as at Grant Thornton’s industry seminars and training sessions. Jennifer was recently appointed to the AICPA’s Not for Profit Expert Panel and has served on a task force responsible for reviewing and writing the AICPA’s Not-for-Profit Risk Alert and the AICPA Not-for-Profit Disclosure Checklist as well as the Not-for-Profit Audit & Accounting Guide Overhaul project. Jennifer was selected by Long Island Business News as a member of their “Top 40 Under 40” class of 2010 as well as “Who’s Who in Women in Professional Services” in the 2010 edition. Jennifer graduated from the University at Albany where she received a B.S. degree in Accounting in 1995. She is a Certified Public Accountant and a member of the AICPA. Jennifer also serves as the Northeast Leader for Grant Thornton’s Women@GT initiative. She is a member of Grant Thornton’s National Not-for-Profit Leadership Team and is also active in the community. She has served as a fundraising participant, as well as a mentor and training captain, of the Leukemia and Lymphoma Society’s Team in Training program. Jennifer also volunteers as a coach in the East Islip Soccer Club and with her daughter’s Daisy and Brownie troops. Jennifer is an advisory Board member of the Leukemia & Lymphoma Society’s Long Island Chapter and the Audit and Compliance Committee for the continuing care operations of Good Samaritan Hospital.
Paul Preziotti
Paul Preziotti, CPA, is a principal for the multi-office CPA firm, Johnson Lambert LLP. He is responsible for providing audit, consulting services, and engagement management to not-for-profit entities and employee benefit plans. He has significant experience serving as an advisor for organizations on a variety of issues including risk assessment, governance, compliance, and internal control considerations. Paul is a frequent speaker on audit and accounting topics at various industry conferences and seminars. He is also a member of the AICPA's Uniform Accountancy Act Committee, an AICPA Leadership Academy alumnus and is a past chair for the Greater Washington Society of CPAs (GWSCPA) Nonprofit Finance & Accounting Symposium. Additionally, Paul serves as a board and audit committee member for Food for Others and as a board and audit committee member for St John's Community Services. Paul received his Bachelor of Science in Accounting and Bachelor in International Business degrees from the University of Maryland.

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Nonprofit External Financial Statement Walkthrough
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