Non-Profit Internal Controls: Establishing and Examining Controls To Prevent Fraud and Improve Financial Reporting

Recording of a 110-minute CPE webinar with Q&A

Conducted on Wednesday, July 17, 2013

Recorded event now available

or call 1-800-926-7926
Course Materials

This teleconference will provide a special focus on developing strong internal controls fitted to the unique characteristics of a non-profit organization, under current accounting and marketplace standards.


With recent revelations of fraud involving non-profit directors or employees, emphasis on and scrutiny of proper internal controls tailored to the non-profit environment grows. Properly designed controls sharpen financial reporting and operational efficiency; weak controls draw an auditor's unwanted attention.

Non-profit organizations need separate and effective controls at the top management, IT and cash management/payroll/accounts payable levels. Design and maintenance of controls is governed by the NPO's accounting policy manual, various standards (e.g., SAS 99, SAS 104-111) and Sarbanes-Oxley.

Internal controls for a non-profit are so critical now that NPOs and their advisors will benefit from best practices from seasoned professionals to create, maintain, reassess and examine controls. This task is never easy given cost-cutting pressures on NPOs, even in a good economy.

Listen as our experienced panel of veteran advisors offers new perspectives in establishing and examining internal controls as used by a prudent non-profit.



  1. Why tougher internal controls are expected from non-profits
    1. Examples of fraud or substandard oversight
  2. Relevant accounting standards
    1. SAS 99
    2. SAS 103
    3. SAS 112
    4. SAS 104-111
    5. Others
  3. Common traits and goals of effective non-profit controls
    1. What characterizes performing vs. weak controls
  4. Experiences in designing an NPO's controls
  5. Experiences in maintaining an NPO's controls
  6. Experiences in inspecting an NPO's controls


The panel will explore relevant topics such as:

  • Developing the controls necessary for an effective NPO risk management plan.
  • Understanding the characteristics of, and reinforcing, an effective internal control environment.
  • Identifying the traits of ineffective controls for NPOs—sand knowing how to avoid the pitfalls.
  • Complying with accounting standards for non-profits and their auditors on internal controls.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.


Frank Monti
Frank Monti

Kahn Litwin Renzi & Co.

Mr. Monti has more than 40 years of experience working on accounting and finance engagements for non-profit...  |  Read More

Jessica Puckett
Jessica Puckett
Henry & Horne

Her primary focus is on audits of non-profits, particularly behavioral healthcare, social service, arts and cultural,...  |  Read More

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