Auditing Not-for-Profit Entities: Superior Skills for an Effective and Efficient Audit (NFP Audit Workshop)


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. Updated for ASU No. 2016-14 (i.e., the new not-for-profit reporting model), 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.
Don’t forget to register for the Not-for-Profit Accounting Conference on May 24.


Understand how the Section 199A deduction is calculated and maximized Deal with the §199A deduction in the context of a rental activity


Latest guidance issued by the IRS, including relevant regulations, rulings, or administrative announcements Choosing to aggregate multiple trades or businesses into a single trade or business Calculating qualified business income (QBI) Identifying specified service trades or businesses Taxable income limits on specified service trade or businesses Maximizing the 20% deduction for pass-through entities and Schedule Cs Proper treatment of REIT, PTP, and cooperative income Rental activities as a trade or business and the rental safe harbor election Preparing Forms 8995 and 8995-A

Who Should Attend

CPAs who require a review of recent auditing updates.

Required Knowledge

Knowledge of basic accounting requirements, including financial statement preparation and reporting. General understanding of audit and attestation standards

Advanced Prep


Event Speaker(s)

Ms. Marci S. Thomas, CPA, MHA ( Kaplan Inc., Tampa, FL ),

Additional Event Information

Check in for all in-person events begins 1 hour prior to event start time. Also, be sure to allow enough time for traffic, parking, and check-in. If you should arrive late or depart early, you must adjust your CPE credit accordingly.

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Level: Basic/Intermediate

Event Code:WKNFP222

Registration Fees

RegistrationEarly BirdRegular
NCACPA Member$315.00$365.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.