- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Audits of Nonprofit Organizations - Course 1 - Risk Assessment Procedures and Planning (NPOTG181)
This interactive self-study course takes a look at the risk assessment procedures and planning necessary for the audit of a nonprofit organization. Lesson 1 discusses risk assessment and other planning procedures, understanding the entity and its environment, and understanding the entity’s internal control. Lesson 2 examines understanding entity-level and activity-level controls, making planning decisions and judgments, considering fraud, considering laws and regulations, and planning an audit time estimate.
Course Expiration Date: March 31, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Identify procedures that auditors may use for risk assessment and planning when auditing a nonprofit organization.
Recognize how an auditor gains an understanding of a nonprofit entity and its environment.
Recognize how an auditor obtains an understanding of a nonprofit entity's internal control.
Recognize how an auditor obtains an understanding of a nonprofit organization's entity-level and activity-level controls.
Identify the planning decisions and judgments an auditor makes when auditing a nonprofit organization.
Identify the considerations an auditor needs to make about fraud, laws, and regulations during the audit of a nonprofit organization, as well as how to plan an appropriate audit time estimate.
Lesson 1—Risk Assessment, Planning, the Entity and Its Environment, and Internal Control
Lesson 2—Entity-level and Activity-level Controls, Planning Decisions and Judgments, Fraud, Laws and Regulations, and Audit Time Estimates