Having understood Contributions Received and Contributions Made, we will dive deeper and cover audit issues of testing, financial statement disclosures, and communications concerning contributions.
- Recognize contributions accounting rules under ASU 2018-08 and methods to train audit staff.
- Identify contributions and exchange transactions for audit testing and testing of internal accounting controls.
- Determine disclosures and communications required by an auditor regarding contributions.
How to audit nonprofit contributions and tell about it Level of Difficulty:
Some knowledge of nonprofit accounting and financial statements preferred.
The Nonprofit Group generally meets every 1st Wednesday of the month (with some exceptions). All members are welcome and attendance at previous meetings is not a prerequisite. Free parking