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Risk Assessment for Non-Profit Organizations with less than $10 Million in Revenues

  • CRMA
  • CGAP
  • CIA
  • CPA (US)
  • IAP
  • QIAL
Risk Assessment for Non-Profit Organizations with less than $10 Million in Revenues

4 Credits


Subject Area

Auditing or Auditing(Governmental)

Webinar Qualifies For

4 CPE credit of Auditing (Governmental) for all CPAs

4 CPE credit for Certified Internal Auditors (CIA)

4 CPE credit for Certified Government Auditing Professional (CGAP)

4 CPE credit for Certification in Risk Management Assurance (CRMA)

4 CPE credit for Qualification in Internal Audit Leadership (QIAL)

4 CPE credit for Internal Audit Practitioner (IAP)

4 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

This Course is Also Available in Self Study (On-Demand)

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Course Description

What are the 4 most common Risk Assessment Problems?

  • Obtain an understanding of the client
    • Environment (underlying business/personnel and the economic outlook
    • Internal Controls (processes and the checks/balances within those procedures
  • Identify and assess areas of the greatest risk based on that understanding
  • Respond to identified risks via procedure levels that match magnitude of risk

Recent auditing standards have emphasized the initial information gathered and important conclusions reached during risk assessment procedures to identify and evaluate the risk of material misstatement in a financial statement audit. These important procedures provide the basis for determining how much effort will be invested in evaluating the design and implementation of internal controls.

Risk assessment is one of the main areas that Peer Review has been focused on since the AICPA announced in 2019 that approximately 10% of affirms had engagements that didn’t comply with the auditing risk assessment requirements. 

So how do you effectively meet the risk assessment requirements on smaller NFP organizations

This webinar will take you through 

  • The standards
  • The requirements 
  • A practical approach and 
  • Real situations.

Learning Objectives

  • To demonstrate and document understanding of client environments and internal controls
  • To identify and assess risk for the entity based on the understanding of the client.
  • To design appropriate response procedures to the risk assessed.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Auditors
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Public Accountant
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Non Profit Pros
  • Nonprofit Board Members
  • NonProfit CEOs
  • Nonprofit Executive Directors
  • NonProfit Fundraisers
  • Risk Managers
  • Young CPA





This class was very informative! The presentation was fantastic.