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Common Errors in Not-for-Profit Financial Statements

Common Errors in Not-for-Profit Financial Statements

Avoid NFP financial statement pitfalls. Join us as we walk through common errors found in NFP statements.

$87 - $131
Do you have an AICPA membership? Log in to apply your member discount.




Oct 19, 2022

NASBA Field of Study




CPE Credits



Kristin Hogan, Susan E. Budak


3 months

Product Number


 Business & partner 
Product Details

Avoid common errors in NFP financials

“Smart people learn from their mistakes,” Brandon Mull notes in his book Fablehaven, “But the real sharp ones learn from the mistakes of others.”

In this webcast, part of a monthly series hosted by the AICPA Not-for-Profit Section, our speakers will explore some of the most common, significant errors encountered when reviewing the financial statements of not-for-profit organizations.

We will also discuss how, with a little extra planning and preparation, you can avoid those common errors.

Key Topics

  • NFP financial statements
  • Common errors
  • Financial reporting

Learning Outcomes

  • Identify the most common errors found in not-for-profit financial statements.
  • Identify procedures to help you avoid errors before they occur.
  • Determine how to improve the overall value of your financial statements to readers.

Who Will Benefit

  • Users and preparers of NFP financial statements.

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Credit Info
CPE Credits
NASBA Field of Study
Knowledge of the not-for-profit industry
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
2 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
NFP Section Members

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2 to 5 registrants

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6+ registrants

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Contact us
Kristin Hogan
Kristin Hogan, CPA, is a senior manager with Johnson Lambert, a multi-office, niche-focused firm that provides audit, tax, and consulting services to employee benefit plans, as well as insurance entities and nonprofits. With 10 years of experience, Kristin actively participates in client engagements, including planning, executing, directing and completing audits and managing budget for audits. She is a member of the AICPA and Maryland Association of CPAs and frequently attends employee benefit plan conferences and events.
Susan E. Budak
Sue Budak, CPA, is a consultant and author who writes extensively within the not-for-profit industry, including annual updates of the AICPA Audit and Accounting Guide Not-for-Profit Entities and Checklists and Illustrative Financial Statements: Not-for-Profit Entities. As a FASB staff member and consultant, Sue worked on all the not-for-profit standards issued from 1991 through 2009. She also worked with the GASB on its reporting model for public colleges and universities. Sue received the 2008 Daniel D. Robinson Accounting Award, which is presented by NACUBO to an individual who has demonstrated a continuous commitment to the advancement of college and university accounting and financial reporting. She also received the 2019 Ensuring Student Success Award in the Volunteer category for her work with Illinois School District 54. Earlier in her career, Sue served as assistant controller at Northwestern University in Evanston, Illinois and as a senior accountant at Deloitte in Chicago, Illinois. Sue received her M.M. from the Kellogg Graduate School of Management and her B.B.A. from Loyola University Chicago.

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Common Errors in Not-for-Profit Financial Statements
Oct 19, 2022
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Oct 19, 2022
5pm7pm GMT
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