Risk Assessment and Internal Controls: Not-for-Profit Governance and Assurance
Provides an overview of risk assessment and internal controls for NFPs needing a risk management system designed for their size and complexity.
Format
Online
NASBA Field of Study
Business Management and Organization
Level
Basic
CPE Credits
2
Author(s)
Karen Craig
Availability
1 year
Product Number
165152
This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Governance and Assurance track.
When organizations don’t focus on risk management as a priority, risks can quickly escalate into crises. At that point, it is too late to plan ahead and the organization often has a complex situation on hand which is difficult to handle optimally. To avoid this, it is vital for all not-for-profit entities (NFPs) to have a risk management system designed for their size and complexity. This CPE course provides an overview of risk assessment and internal controls for NFPs.
Note: As of August 1, 2018, the content of this course has been significantly updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08).
- CPAs, financial professionals, and NFP board members involved with risk assessment and internal controls.
- Managing risk
- Risks unique to NFPs
- Enterprise Risk Management (ERM)
- COSO ERM framework
- Employing ERM in smaller NFPs
- Internal controls
- COSO Internal Control Framework
- How to design a system of internal control
- Conflicts of interest
- Identify the risks faced by NFPs, including those related to reputational risk and compliance risk.
- Recall the concepts of internal controls as they relate to NFPs.
- Recognize the concepts of Enterprise Risk Management.
- Indicate how the COSO framework should be applied to NFPs.
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org
Contact usThe Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.
Log in to apply your member discount.