BEGIN:VCALENDAR VERSION:2.0 CALSCALE:GREGORIAN METHOD:PUBLISH PRODID://VCPA//221540 BEGIN:VEVENT DTSTAMP:20260914T105927 VTIMEZONE:America/New_York DTSTART:20260922T150000Z DTEND:20260922T160000Z UID:221540 SUMMARY:Introduction to Understanding Nonprofit Organizations An Auditor’s Perspective LOCATION: DESCRIPTION:Introduction to Understanding Nonprofit Organizations An Auditor’s Perspective\n\n09/22/26 11:00 AM EST\n - 09/22/26 12:00 PM EST\Description:\nAuditing a nonprofit organization requires more than applying standard audit procedures to a different type of entity. Nonprofit organizations operate within a distinctive environment shaped by mission, donor expectations, governing boards, funding restrictions, tax-exempt status, grant requirements, regulatory oversight, and financial reporting requirements that differ significantly from those encountered in commercial enterprises.\nFor auditors entering the nonprofit sector, understanding this environment is fundamental to performing an effective risk assessment and designing appropriate audit procedures.\n\nThis course introduces auditors to the nonprofit operating environment and connects the unique characteristics of nonprofit organizations directly to financial reporting, internal control, audit risk, and audit execution.\n\nRather than focusing solely on accounting rules, the course helps auditors understand how nonprofits work, where their risks arise, and why those risks matter to the audit.\n\n \n\nIntended Audience:\nAudit professionals who are new to nonprofit organizations or who have limited experience auditing nonprofit entities, including associates, senior associates, managers transitioning into nonprofit engagements, and professionals seeking a foundational understanding of the nonprofit environment.\n\n \n\nLEARNING OBJECTIVES\n\nUpon completion of this course, participants will be able to:\n\n\n Identify the organizational, governance, funding, regulatory, and financial reporting characteristics that distinguish nonprofit organizations from commercial enterprises.\n  \n Recognize significant nonprofit accounting and financial reporting concepts, including net asset classifications, contributions, donor restrictions, conditional contributions, functional expenses, liquidity disclosures, and other areas commonly encountered during a nonprofit audit.\n  \n Assess how the nonprofit operating environment, governance structure, revenue sources, donor restrictions, grant requirements, and internal control environment influence audit risk and the design of audit procedures.\n\n\nVirtual Session\nPresented by Lee Klumpp, CPA, CGMA\nNational Professional Practice Principal, Nonprofit, Healthcare and Government\nBDO\n\n1.0 CPE hour will be awarded for participation.\nMembers are free and guest are $25.\n X-ALT-DESC;FMTTYPE=text/html:Introduction to Understanding Nonprofit Organizations An Auditor’s Perspective

09/22/26 11:00 AM EST - 09/22/26 12:00 PM EST
Description:
Auditing a nonprofit organization requires more than applying standard audit procedures to a different type of entity. Nonprofit organizations operate within a distinctive environment shaped by mission, donor expectations, governing boards, funding restrictions, tax-exempt status, grant requirements, regulatory oversight, and financial reporting requirements that differ significantly from those encountered in commercial enterprises.

For auditors entering the nonprofit sector, understanding this environment is fundamental to performing an effective risk assessment and designing appropriate audit procedures.

This course introduces auditors to the nonprofit operating environment and connects the unique characteristics of nonprofit organizations directly to financial reporting, internal control, audit risk, and audit execution.

Rather than focusing solely on accounting rules, the course helps auditors understand how nonprofits work, where their risks arise, and why those risks matter to the audit.

 

Intended Audience:
Audit professionals who are new to nonprofit organizations or who have limited experience auditing nonprofit entities, including associates, senior associates, managers transitioning into nonprofit engagements, and professionals seeking a foundational understanding of the nonprofit environment.

 

LEARNING OBJECTIVES

Upon completion of this course, participants will be able to:

  1. Identify the organizational, governance, funding, regulatory, and financial reporting characteristics that distinguish nonprofit organizations from commercial enterprises.
     
  2. Recognize significant nonprofit accounting and financial reporting concepts, including net asset classifications, contributions, donor restrictions, conditional contributions, functional expenses, liquidity disclosures, and other areas commonly encountered during a nonprofit audit.
     
  3. Assess how the nonprofit operating environment, governance structure, revenue sources, donor restrictions, grant requirements, and internal control environment influence audit risk and the design of audit procedures.

Virtual Session
Presented by Lee Klumpp, CPA, CGMA
National Professional Practice Principal, Nonprofit, Healthcare and Government
BDO

1.0 CPE hour will be awarded for participation.
Members are free and guest are $25.

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