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Tuesday, September 21, 2021 Live Webcast

Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit (E2109111)

9:00 AM - 4:30 PM EDT

Registration: 8:30 AM EDT

webcast

Vendor Platform

8 CPE Credits in AA

OVERVIEW

It’s been said that you cannot fit a square peg into a round hole. The same principle holds true for audits of not-for-profit entities.

DESIGNED FOR

Auditors of not-for-profit entities

BENEFITS

  • Identify the ways not-for-profit auditing differs from commercial sector auditing
  • Skillfully adjust audits to suit the characteristics of not-for-profit entities
  • More effectively audit not-for-profit entities using superior knowledge of key issues

HIGHLIGHTS

  • Refining key planning and general auditing considerations to the not-for-profit environment
  • Characteristics of not-for-profit financial statements that require special attention
  • The auditor’s fraud considerations in auditing not-for-profit entities
  • Audit procedures to become comfortable with management’s recording and reporting of contributions and promises to give
  • Auditing a not-for-profit entity’s transition from natural to functional expenses
  • Auditing considerations and techniques related to net assets, compliance with tax laws and regulations, collections, and split-interest agreements
  • Considerations related to Yellow Book and single audits

COURSE LEVEL

Intermediate

PREREQUISITES

Basic auditing knowledge

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book.

INSTRUCTOR

Michael Morgan

Michael J. Morgan, CPA

Michael J. Morgan is President of Langford Educational Enterprises, Inc., a consulting firm specializing in international auditing and taxation located in Griffin, Georgia. An accomplished author and instructor with over 35 years of experience in public speaking, Morgan has traveled internationally, writing manuals, and conducting seminars on accounting- and auditing-related topics for former communist countries. He is the recipient of several “Outstanding Discussion Leader” awards from the New York, Illinois, Nevada, and Virginia Society of CPAs on the topics of accounting and auditing, staff training, governmental, and not-for-profit entities. For several semesters, he was an accounting instructor in the School of Business at Old Dominion University located in Norfolk, Virginia. In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Morgan currently practices in the greater Atlanta, Georgia, area. Morgan is licensed as a Certified Public Accountant in Georgia, Virginia, and New York. He is a past member of the Virginia Society of CPAs. He is a member of the Georgia Society of CPAs and the Association of Certified Fraud Examiners.