The auditing of a Not-for-Profit Organization (NPO) is similar in many ways to the audit of any organizations. However, certain key differences do exist. We will start by looking at the big picture differences and then we will cover NPO specific financial statements, conditional vs. restricted contributions, recording of donated goods and services and agency transactions. We will look at other areas that are unique to NPOs and related specific footnote disclosures. We will discuss the newer liquidity and availability disclosure required by all NPOs.
Who Should AttendThis session is for auditors and also helpful to the NPO financial personnel.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Auditing (2 hours)