Navigating Unique Audit Issues and Challenges Faced by Non-Profit Organizations in Australia
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.
With over 20 years of practical experience in accounting and finance across a variety of industries in Australia, including not-for-profit, manufacturing, and wholesale/distribution, I am a highly skilled CPA-certified accountant. Holding a Master's degree in Accounting and a post-graduate diploma in Applied Finance, I have a solid background in both financial accounting and management accounting, with experience in accounting/finance/ERP system migration. Apart from implementing and maintaining accounting standards, systems and procedures, preparing financial reports, and performing an extensive range of accounting tasks, I also focus on sharing my financial/accounting knowledge by mentoring junior finance staff and providing essential financial knowledge training to non-financial stakeholders in the organization I work for.
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Sports commentator and TV host. Winner of 2018 and 2020 Asian Television Awards (Asian Emmy) for Best Sports Presenter / Commentator. Host and commentator of One Championship, Asia's largest sports media property, broadcast to 154+ countries, Nielsen rated 80+million viewers, Tubular analysis 5.4bn social media views (fourth highest in the world). Olympic Games commentator. Commonwealth Games commentator. FIFA World Cup correspondent. Victoria Premier League Soccer (football) commentator FUTSAL OZ Series Commentator Former host and commentator on AXS TV Network USA. Host of CableFax Award-nominated interview show 'The Voice Versus'. Best-selling author and award-winning writer. Radio host. Commentated on networks including Amazon Prime, BeInSport, NBC, CBS, SyFy, Canal+, Spike, EuroSport, ABS-CBN, Star Sports Select, Fox Sports, Fox 8, Sky, TVNZ, Thairath 32, TV3, Main Event. College Lecturer and public speaker.
