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CPE Self-Study

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

  • $29.00-$39.00
    Best Practices in Board Governance: Not-for-Profit Governance and Assurance Availability : Online Access Product #: 165151
    AICPA Member: $29.00
    Non-Member: $39.00
  • Contact Sales
    Contact a representative for group pricing. 800.634.6780 (Option 1) | Contact Us Product #: GT-NFP-GRA1

This CPE course is included in the 40-hour Not-for-Profit Certificate 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.

Topics Discussed:

  • 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 Objectives:

When you complete this course, you will be able to:

  • Distinguish between the functional areas of an NFP;
  • Recall the basic responsibilities of NFP board members; and
  • Recognize policies related to good governance.

Who Will Benefit?

  • CPAs and financial professionals working with or serving on NFP boards and NFP board members.

Prerequisite: None

Advanced Preparation: None

System Requirements

About the Authors

Karen Craig

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.