This course addresses accounting for the investments held by NFPs.
Learning Objectives
- Learning Outcomes
- Identify general considerations related to an audit of an NFP
- Recall NFP financial statements subject to audit.
- Identify unique auditing considerations related to cash and cash equivalents and endowment funds.
- Recognize special auditing considerations related to NFP revenues and related receivables.
- Recognize special auditing considerations related to split-interest agreements.
- Identify auditing considerations regarding tax-exempt debt.
- Identify auditing considerations with regard to net assets.
- Recognize special auditing considerations related to the statement of activities.
- Recall audit issues related to compliance with laws and regulations.
