W460: Common Errors in Nonprofit Revenue Recognition and How to Avoid Them
This session with include examples of the most common issues we see as auditors with nonprofit revenue recognition. This includes accounting, presentation, and disclosure issues and errors that are commonly missed by nonprofits. The session with include processes and controls that could be implemented to prevent these error from happening.
- – Review common accounting and reporting issues in nonprofit revenue recognition
- – Understand the cause of these errors
- – Review best practices and ways to avoid these common errors