Internal Control in Governmental and Nonprofit Entities  

This course provides an overview of the responsibilities of management, those charged with governance, and employees of an organization for implementing and evaluating internal control. It discusses the definition, objectives, components, and principles of internal control. It also discusses the limitations of internal control. The second chapter of this course discusses the auditor's responsibilities for internal control in a financial statement audit conducted in accordance with generally accepted auditing standards (GAAS) of the AICPA. The final chapter presents the conditions of receiving a federal award and how governmental and nonprofit entities comply with the provisions of relevant laws, regulations, and the terms and conditions of the award, and to maintain a system of internal control to provide reasonable assurance of compliance with these requirements. The same or similar requirements generally apply to entities that receive state and local awards of governmental funds.

This course is most beneficial to professionals new to internal control and fraud in governmental and nonprofit entities who may be at the staff or entry level in an organization but also for a seasoned professional with limited exposure to this subject.