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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP)

NEW! 8-Hour Program

WHY ATTEND THIS COURSE?

The literature specific to nonprofit organizations continues to evolve and become more complex. Using the popular and fast-moving “Frequently Asked Questions” format, this course was compiled from questions asked of the author in their capacity as a technical reviewer and advisor to firms and nonprofit organizations. This course also provides an update on emerging governance issues.

DESIGNED FOR...

  • Practitioners working with nonprofits in public practice
  • Accountants working in nonprofit organizations who need to keep on top of current accounting and disclosure requirements

OBJECTIVE

Participants will be able to:

  • Address major accounting and disclosure issues
  • Understand the governance issues faced by nonprofits in today’s highly scrutinized and regulated environment
  • Address auditing issues that arise in audits under the Uniform Guidance

MAJOR SUBJECTS

  • Complex accounting and disclosure issues, proposed changes to nonprofit financial reporting
  • Governance issues
  • Frequently missed issues in single audits and not-for-profit financial statement audits
  • SAS No. 132, Auditor’s Consideration of an Entity’s Ability to Remain a Going Concern
  • GAO’s 2017 Yellow Book

COURSE ACRONYM: FAQNP

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • Basic familiarity with nonprofit accounting

ADVANCE PREPARATION: None

FIELD OF STUDY: Accounting & Auditing

RECOMMENDED CPE CREDIT:

  • Accounting: 4 hours
  • Auditing: 4 hours

Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.