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W470: Common Audit Findings, the Internal Control Issues Behind Them, and How to Respond

December 5, 2023 @ 11:00 am - 12:00 pm EST

COURSE DESCRIPTION:

Nobody likes receiving findings during their audit, and *most* auditors don’t take pleasure in delivering them. In this session we’ll discuss audit findings such as absent documentation, errors in the financial closing process, and common accounting errors within nonprofit organizations. We’ll also explore the internal control issues that lie beneath the surface and give rise to audit findings. Finally, we’ll plot a course for responding to and reducing recurrences of findings during your audit. Nobody can guarantee a “clean audit”, but we’ll work together in this session to build a framework for continuous improvement and oversight that will strengthen your organization’s internal controls.

 

LEARNING OBJECTIVES:

  • – Learn about common audit findings for nonprofit organizations.
  • – Learn what an auditor looks for when assessing internal controls.
  • – Learn how to use a response to audit findings as a springboard for implementing improvements.

To Watch this Webinar on the Media Library CLICK HERE!

Level Intermediate
NASBA (Field of Study) Accounting
CAE (Subject Domain) Operations
Prerequisites and advance preparation needed 1 years operations experience. No advance preparation required
Reviewer Wade Tetsuka, CPA
CPE/CAE Credits 1.0
Cost Free
Delivery Group Internet Based

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INSTRUCTORS
Will Donahue
Audit Director, Nonprofit Aprio
I specialize in assurance services for tax-exempt organizations, nonprofit consulting and board training/education. I work with controllers, directors of finance, CFOs and board members of…