Course ID: ICDNP

Internal Controls for Nonprofits: Practical Insights into Mitigating Financial Reporting Compliance and Other Risks

There is simply no denying that a sufficiently designed and effectively operating system of internal controls over reliable financial reporting is more important than ever. The primary objective of this course is to give participants “hands-on” practice in designing, evaluating, and communicating conclusions related to design and operating effectiveness of internal controls over reliable financial reporting and other risks for nonprofit environments.


LEARNING OBJECTIVES
  • Describe recent developments of the FASB most relevant to nonprofit entities
  • Explain the impact of new financial reporting model for nonprofit entities being developed by the FASB
  • Discuss accounting and financial reporting changes on the horizon

MAJOR TOPICS
  • Current outcomes of the highly significant FASB project related to Financial Statements of Not-for-Profit Entities
  • Recently released FASB standards that will impact nonprofit financial reporting the most, including revenue recognition and lease accounting
  • Accounting and financial reporting planned changes on the horizon that could significantly impact nonprofit entities

DESIGNED FOR
Internal and external accounting or auditing personnel who have responsibility for designing, evaluating or monitoring deficiencies in internal controls in nonprofit environments

FIELD OF STUDY
Auditing

PREREQUISITES
Knowledge of currently effective professional, technical and regulatory standards

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
8.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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