- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course takes a look at issues related to the risk assessment procedures and planning that are part of a nonprofit audit engagement. Lesson 1 discusses risk assessment and other planning procedures that are needed for the audit of a nonprofit organization, obtaining an understanding of the entity and its environment, and obtaining an understanding of internal control. Lesson 2 examines entity-level and activity-level controls, the planning decisions and judgments that may be necessary in this type of audit, the auditor’s consideration of fraud and laws and regulations, and how to plan an audit time estimate.
Course Expiration Date: March 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify the risk assessment and other planning procedures that are needed in the audit of a nonprofit organization.
Determine best practices for obtaining an understanding of the entity, its environment, and the internal control of a nonprofit organization.
Recognize best practices for obtaining an understanding of a nonprofit organization’s entity-level and activity-level controls.
Identify the planning decisions and judgments that may be necessary in the audit of a nonprofit organization.
Determine how an auditor considers fraud, as well as laws and regulations, during a nonprofit organization audit, as well as how to prepare an audit time estimate in this type of engagement.
Lesson 1—Risk Assessment and Other Planning Procedures, Obtaining an Understanding of the Entity and Its Environment, an Obtaining an Understanding of Internal Control
Lesson 2—Obtaining an Understanding of Entity-level and Activity-level Controls, Planning Decisions and Judgments, Considerations for Fraud and Laws and Regulations, and Planning an Audit Time Estimate