In this comprehensive course on auditing non-profit organizations (NFPs) in Australia, participants will learn about the key characteristics, revenue generation, expense management, and regulatory framework specific to NFPs. They will also gain an understanding of the challenges faced by NFPs, including limited resources, complex governance structures, compliance with regulatory requirements, and reputation risks.

The course covers essential steps in preparing for and conducting audits of NFPs, including identifying key risk areas related to fraud, misappropriation of funds, and compliance with regulations. Participants will also learn how to assess the reliability and accuracy of financial statements in tech-based NFPs, taking into account the latest technological advancements and associated risks.

The course emphasizes the importance of maintaining independence and objectivity, effective communication, and compliance with accounting and auditing standards. In addition, participants will explore important ethical considerations for auditors of NFPs, such as maintaining professional skepticism, confidentiality, independence, and effective communication with stakeholders.

Finally, the course will provide insights into how NFPs and their stakeholders can collaborate to build sustainable and effective organizations for the future, with a focus on strategic planning, financial management, governance, compliance, and stakeholder outreach.

This course is ideal for auditors, accountants, and finance professionals seeking to expand their knowledge and skills in auditing NFPs in Australia. 

• Characteristics of non-profit organizations (NFPs) in Australia
• Revenue generation and expense management in NFPs
• Regulatory framework specific to NFPs
• Challenges faced by NFPs, including limited resources, complex governance structures, compliance with regulatory requirements, and reputation risks
• Essential steps in preparing for and conducting audits of NFPs
• Identifying key risk areas related to fraud, misappropriation of funds, and compliance with regulations
• Assessing the reliability and accuracy of financial statements in tech-based NFPs
• The importance of maintaining independence and objectivity, effective communication, and compliance with accounting and auditing standards
• Ethical considerations for auditors of NFPs, such as maintaining professional skepticism, confidentiality, independence, and effective communication with stakeholders
• Collaborating to build sustainable and effective organizations for the future, with a focus on strategic planning, financial management, governance, compliance, and stakeholder outreach