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Internal Controls for Smaller Not-For-Profit & Governmental Entities 2 Credits

Internal Controls for Smaller Not-For-Profit & Governmental Entities 2 Credits

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Mar 20, 12:30 PM ET

Learning Objective

  • To recognize how to work around issues with the segregation of duties
  • To identify and apply cost-effective internal controls
  • To identify components of the COSO Framework for internal control
  • To describe the types of internal controls designed to alert management of frauds after they have occurred
  • To recognize assertions for account balances
  • To identify the year COSO published the internal control framework for small and medium-sized entities
  • To recognize when management must make financial statement assertions
  • To describe controls that include safeguarding entities' assets as part of controls
  • To identify special risks applicable to not-for-profits
  • To recognize risk according to AU-C 315, Circumstances that Create Risk
  • To identify reasons for having internal controls
  • To describe the document used for internal controls
  • To recognize compliance risks for an organization
  • To recognize risks specific to smaller not-for-profit and government entities

Course Overview

This online CPE course is designed to assist accountants and auditors who are working with smaller not-for-profit organizations and governmental entities.

Proper internal controls are essential for all organizations. Critical to the implementation of these controls is an appropriate level of segregation of duties. This is very difficult for a small non-profit organization to accomplish due to the size of the staff and/or the number of volunteers. The following online webinar provides examples of how internal controls can be put into place to make errors or fraud more unlikely.

The online CPE course is based on the presumption that there will be a lack of segregation of duties in the internal controls of the organizations. In this online CPE webinar, Dr. Robert Minniti will review compensating and mitigating controls for the lack of segregation of duties and will discuss developing cost-effective internal controls for organizations with limited budgets.

This online Audit (Govt.) The CPE webinar covers the following Key Topics: 

  • Compensating and mitigating controls
  • Cost-effective internal controls for organizations with limited budgets
  • Issues with segregation of duties
  • Cost-effective internal controls
  • Differentiate control environment components

  • 2 CPE Credit of Auditing (Govt.) for Certified Public Accountants (CPA-US)
  • 2 General Credit of Auditing (Govt.) for Accountant/Bookkeeper/Tax Professionals
  • 2 CPE Credit of COSO framework for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Internal Audit function for Certification in Risk Management Assurance (CRMA)
  • 2 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP)
  • 2 CPE Credit of Internal Controls for Certified Internal Controls Auditor (CICA)
  • 2 CPE Credit of Auditing (Govt.) for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Internal Controls for Certified Controls Specialist (CCS)
  • 2 CPE Credit of Auditing (Govt.) for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Auditing (Govt.) for Delaware Licensed Public Accountant (DE-LPA)

  • 2 CPE Credit of Auditing (Govt.) for Certified Public Accountants (CPA-US)
  • 2 General Credit of Auditing (Govt.) for Accountant/Bookkeeper/Tax Professionals
  • 2 CPE Credit of COSO framework for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Internal Audit function for Certification in Risk Management Assurance (CRMA)
  • 2 CPE Credit of Internal Controls for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Certified Government Auditing Professional (CGAP)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Internal Audit Practitioner (IAP)
  • 2 CPE Credit of Internal Controls for Certified Internal Controls Auditor (CICA)
  • 2 CPE Credit of Auditing (Govt.) for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Accounting & Auditing (Govt.) for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Internal Controls for Certified Controls Specialist (CCS)
  • 2 CPE Credit of Auditing (Govt.) for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Auditing (Govt.) for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Dr. Robert Minniti - Expert Speaker on Accounting and Fraud
Dr. Robert Minniti , CPA (US)

President, Minniti CPA LLC

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Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona. Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix.

He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, financial forecasting, and Sarbanes-Oxley compliance work. Dr. Minniti is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants, Compliance Online, CPE Link/CCH . AccountingEd, Global Compliance Panel, Clear Law Institute, CPE Solutions, Canopy CPE, The Institute of Management Accountants, the National Association of Valuators and Analysts, the Association of Certified Fraud Examiners, the Institute of Internal Auditors, and various state CPA Societies.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

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RB

Rebecca Barrios, CPA (US)

Good recap on internal controls in general. Helpful for NFP's as well as any kind of internal controls. A lot of information provided.

NK

Noorali Khetani, Masters (Accountancy)

Very interesting session which boost knowledge of internal control related activity and environment

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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