This course provides an overview of fraud risk and prevention for NFPs.
Learning Objectives
- Learning Outcomes
- Identify the proper accounting treatment for typical transactions of not-for-profit entities.
- Recognize the financial statement presentation and disclosure requirements that apply to not-for-profit entities.
- Identify basic state and federal filing requirements of an exempt organization, recognize the core components of the annual information return Form 990, and identify when an NFP may be subject to unrelated business income tax.
- Recognize best practices in NFP board governance, risk management and internal controls.
- Identify steps involved in planning a successful audit engagement and identify key auditing considerations.
