The six courses in this track will provide a foundation in board governance, auditing and financial oversight of not-for-profit entities (NFPs) with a focus on governance practices, risk management, internal control, audit planning and preparation. Topics include auditor communications to those charged with governance, risk assessment and fraud prevention for NFPs

• Recall the roles and responsibilities that are typically assumed by an NFP's governing body and management
• Identify common risks faced by NFPS and apply the Enterprise Risk Management framework to identify and manage those risks
• Recall how to apply concepts of internal controls within the NFP reporting environment and governance structure
• Recognize techniques used to interpret an NFP's financial statements, prepare a budget and measure performance
• Identify the key steps to planning an audit and recall some of the basic documentation and procedures performed by an NFP's independent auditors
• Recognize and effectively respond to common fraud risks in NFPS