This course provides an overview of fraud risk and prevention for NFPs. Generally accepted auditing standards (GAAS) require an auditor to obtain reasonable assurance about whether an entity's financial statements as a whole are free from material misstatement, whether due to fraud or error. The primary responsibility for fraud prevention and detection rests with both those charged with governance of the not-for-profit entity (NFP) and management. This course provides an overview of fraud risk and prevention for NFPs. Who Will Benefit CPAs, board members, and accounting professionals new to NFPs or in need of a refresher. Key Topics - Fraud concepts - Financial reporting fraud risks and responses - Misappropriation Learning Outcomes - Recall basic concepts related to fraud. - Identify financial reporting fraud risks and responses. - Recognize the risk of misappropriation of assets and responses.