Internal Controls for Smaller Not-For-Profit and Governmental Entities (Completed)

This course is designed to assist accountants and auditors who are working with smaller not-for profit organizations and governmental entities. The course contains a presumption that there will be a lack of segregation of duties in the internal controls of the organizations. We will review compensating and mitigating controls for the lack of segregations of duties. A discussion on developing cost effective internal controls for organizations with limited budgets will also be included.

Who Should Attend
Accountants and auditors who are working with smaller not-for profit organizations and governmental entities.

Topics Covered

• Compensating and mitigating controls
• Cost effective internal controls for organizations with limited budgets
• Work around issues with segregation of duties

Learning Objectives

• Recognize how to work around issues with segregation of duties
• Develop and apply cost effective internal controls

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
An understanding of the COSO Framework on Internal Controls

Advance Preparation
None