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Avoiding Common Errors in Not-for-Profit Financial Reporting Logo aicpa

  Free for NFP Section members |   AICPA |   28 Jun 2016 |

As Thomas Edison famously said, “Success is 90 percent preparation and only 10 percent perspiration,” and that is certainly true for audits. Learn how, with a little extra planning and preparation, you can avoid errors that are often a source of significant paint in the audit process. In this archived webcast, geared towards not-for-profits and their auditors, we will explore some of the most common, material errors encountered when conducting not-for-profit audits and what you can do to avoid those common errors.

*** This webcast is part of a monthly webcast series hosted by the AICPA Not-for-Profit Section.

Learning Objectives
When you complete this webcast you will be able to:

  • Identify the most common errors found in not-for-profit financial statements
  • Determine the impact errors could have on not-for-profit financial statements
  • Identify how to avoid errors in not-for-profit financial reporting
Topics covered:
  • Governmental auditing: Technical: Government financial statement audit, Intermediate
  • Not-for-profit: Technical: FASB financial accounting & reporting, Intermediate
  • Not-for-profit: Technical: Contribution revenue & agency transactions, Intermediate
  • Not-for-profit: Technical: Exchange transaction revenue, Intermediate
  • Not-for-profit: Technical: Audit, Intermediate