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Technical

Risk Assessment: Not-for-Profit Governance and Assurance Logo aicpa

  Audrey L. Newton, CPA, Partner, Johnson Lambert... |   $49.00 - 59.00 |   CPE: 1.0 |   AICPA |   Nov 2015 |   Auditing (Governmental) |   AICPA Store
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.

Topics covered:
  • Assurance: Technical: Audit: Audit risk assessment, Intermediate
  • Not-for-profit: Technical: Governance, Intermediate
  • Not-for-profit: Technical: Audit, Intermediate

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