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CPE Self-Study
Risk Assessment: Not-for-Profit Governance and Assurance
NASBA FIELD OF STUDY
Auditing (Governmental)
LEVEL
Intermediate
CPE CREDITS
Online: 1.0
This CPE course offers examples and a case study that will help you identify, assess, and respond to significant risks within an organization.

Not-for-Profit Section Members Save an Additional 20%

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Find out more information on the NFP Section.

 

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Product details

Topics Discussed

  • Identifying, assessing and responding to risks.
  • Assessing the adequacy of controls over financial reporting.

Learning Objectives:

  • Apply the generally accepted auditing standards when assessing risk as part of planning an audit of a not-for-profit (NFP).
  • Determine audit procedures to address risks

Course Duration: 1 hour
This course does not offer CPE credit but does count as CPD for CIMA members.

This video-based CPE course is included in Not-for-Profit Certificate II. It can be purchased individually or as a part of the Not-for-Profit Certificate II - Governance and Assurance track.

Like all businesses, not-for-profits (NFPs) live in a world of uncertainty. Identifying and managing risks is an ongoing process used by an NFP’s leadership team and its internal and external auditors for informed decision-making. Risks identified during the audit planning process will affect the audit approach and enable auditors to make recommendations. An NFP’s leadership team often conducts an internal risk assessment, taking into consideration auditor recommendations, to evaluate risks and develop a response strategy.

This CPE course offers you detail-rich examples and a case study that will help you identify, assess, and respond to significant risks within an organization.

Included in the course resources is an excerpt from the AICPA Not-for-Profit Entities - Audit and Accounting Guide, as well as a risk summary mapping document that will assist in assessing risk for significant account balances.

Ratings and reviews
Author(s)

Audrey L. Newton, CPA, Partner, Johnson Lambert LLP

Johnson Lambert LLP

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.

NFP Certificates
Price:
$59.00
Member Quantity:
Nonmember Quantity:
Quantity:
Estimated total:
$59.00
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CREDIT INFO
CPE credits
Online
: 1.0
NASBA Field of Study
Auditing (Governmental)
Level
Intermediate
Prerequisites
Experience working in or with the not-for profit industry
ADVANCE PREPARATION
None
Yellow Book Hours
1
Delivery Method
QAS Self-Study
Course acronym
NFP2-GRA6
GROUP PRICING
Contact a representative for group pricing.
Telephone: 800.634.6780 (Option 1)
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