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SUMMARY:W470: Common Audit Findings\, the Internal Control Issues Behind Them\, and How to Respond
DESCRIPTION:COURSE DESCRIPTION: \nNobody 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. \n  \nLEARNING OBJECTIVES: \n\n– Learn about common audit findings for nonprofit organizations.\n– Learn what an auditor looks for when assessing internal controls.\n– Learn how to use a response to audit findings as a springboard for implementing improvements.\n\nTo Watch this Webinar on the Media Library CLICK HERE!
URL:https://usteducation.org/event/w470-common-audit-findings-the-internal-control-issues-behind-them-and-how-to-respond/
LOCATION:https://zoom.us/j/91232747799
CATEGORIES:ASSOCIATIONS & NONPROFITS
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DTSTART;TZID=America/New_York:20220927T130000
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SUMMARY:W268: "Who Gives?!” Exploring Contributions\, Agency Transactions\, and Equity Transfers
DESCRIPTION:COURSE DESCRIPTION: \nDuring this webinar we will cover the U.S. GAAP accounting for Contributions\, Agency transactions\, and Equity transfers. There are substantial differences between these transactions that can have a significant impact on your organizations financial reporting.  We will discuss what these transactions are\, and how and when they should be recorded in accordance with U.S. GAAP. \n  \n\n\n\n\nLEARNING OBJECTIVES:\n\n\nYou will be able to recognize the differences between contributions\, agency transactions and equity transfers.\nYou will be able to explain the impacts these transactions have financial reporting.\nYou will be able to identify when a transaction meets the definition of a contribution vs. and agency transaction vs. and equity transfer.\n\n 
URL:https://usteducation.org/event/w268-who-gives-exploring-contributions-agency-transactions-and-equity-transfers/
LOCATION:https://zoom.us/j/96086121340
CATEGORIES:ASSOCIATIONS & NONPROFITS
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