Vermont Society of Certified Public Accountants
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Surgent's Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit

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Non-Member Price: $0.00

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Oct 3, 2022, 9:00am–5:00pm
It's been said that you cannot fit a square peg into a round hole. The same principle holds true for audits of not-for-profit entities. You simply cannot apply a standard commercial audit approach to the audit of a not-for-profit entity and expect a good fit. Skilled auditors will instead adjust and hone the audit to fit the not-for-profit entity. This course is designed to help you do just that and equip you with the superior skills needed to excel in auditing not-for-profit entities. The course materials utilize a highly illustrative and innovative format. Over 25 focused exercises are included to provide an enhanced working knowledge of auditing not-for-profit entities.



  • Identify what distinguishes not-for-profit auditing from commercial sector auditing

  • Skillfully adjust the audit for the characteristics of a not-for-profit entity

  • More effectively audit not-for-profit entities through superior knowledge of key issues



  • Refining key planning and general auditing considerations to the not-for-profit environment

  • Characteristics of not-for-profit financial statements that require special attention

  • The auditor’s consideration of fraud in auditing a not-for-profit entity

  • Audit procedures to become comfortable with management’s recording and reporting of contributions and promises to give

  • Auditing how a not-for-profit entity gets from natural expenses to functional expenses

  • Auditing considerations and techniques related to net assets, compliance with tax laws and regulations, collections and split-interest agreements

  • Considerations related to Yellow Book and single audits

Designed For

Auditors of not-for-profit entities


Basic auditing knowledge

Advanced Preparation

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