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

Identifying and Addressing the Risk of Fraud in Nonprofit Organizations (IAR4)

4-Hour Program

WHY ATTEND THIS COURSE?

This 4-hour module will help auditors and those working in nonprofit organizations to identify and address the most common fraud and abuse schemes that are perpetrated against them. Using a case study format, participants will learn how these fraud schemes can be prevented and detected. The issue of fraud is especially important to understand in an economy where incentive and pressure to commit a fraudulent act is intensified. This course has been updated with a discussion on the important changes in the COSO Framework 2013 and COSO white papers on board governance and cyber fraud and 2016 statistics from the Association of Certified Fraud Examiners. It has also been updated for the AICPA’s SAS No. 132 on the auditor’s consideration of an entity’s ability to remain a going concern.

DESIGNED FOR...

Auditors of nonprofit organizations and CPAs working in the nonprofit industry.

OBJECTIVE

Participants will be able to identify situations where there is a risk of fraud and create ways to prevent and detect them.

MAJOR SUBJECTS

  • Identification of fraud risk
  • Major fraud schemes
  • Internal controls that are responsive to those risks

COURSE ACRONYM: IAR4

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Basic

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Auditing

RECOMMENDED CPE CREDIT: 4 hours

It is recommended that this course not be scheduled back-to-back with FAQ – Nonprofit Accounting, Auditing, Compliance and Governance Issues (FAQNP).


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.