2 CPE With today’s uncertainty and volatile economy, all organizations are at peril for becoming less important in the eyes of their stakeholders. The current pandemic has left no rock unturned. Not-for-profit entities are as “at risk” similar to other organizations. In this time, ensuring your stakeholders trust your organization, believe in your ethical principals’ and embrace your governance policies will be key factors to surviving and thriving during this time. Not-for-Profit’s exist for a mission. It is critical they obtain the public’s trust. This is done through commitment to ethical principals’, transparency and accountability.
This session reviews a number of leading practices for considering conflict of interest (COI), financial transparency and governance processes for a Not-for-Profit (NFP).
Learning Objectives
- Explore and examining accountability and code of ethics for a not-for-profit.
- Identify and exploring concepts important in a conflict-of-interest policy.
- Explore and examining the criticality of cybersecurity risks.
- Identify and exploring required record retention protocols.
- Explore ethical fundraising and ethical leadership.
- Discover and examine concepts important to executive compensation in a not-for-profit.
- Identify the necessity of financial management and financial transparency for the not-for-profit.
- Explore the concept of internal controls and public disclosure in a not-for-profit.
Last updated/reviewed: March 24, 2024
Included In Certifications
This course is included in the following Certification Programs:
15 CoursesNot-For-Profit and Small Business Entities Certification
- Introduction to Not-for-Profit Entities
- Introduction to Accounting for Not-For-Profit Entities
- Identifying and Implementing the Proper Balance of Internal Controls
- Segregation of Duties for Core Business Processes
- Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
- Bookkeeping: Payroll And Expenses
- Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
- Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
- Management Internal Control Essentials
- Financial Statement Essentials for Not-for-Profits
- Not-for-Profit Financial Statements Part 2
- Not for Profit Financials - Focus on Net Assets
- Cyber Risk in Small-Medium Entities
- Fraud in Small-Medium Entities
- Not-For-Profit Accountability and Responsibility
17 Reviews (85 ratings)
Reviews
Anonymous
(N/A)
Very good review of NFP policy. Most professionals serve on boards and this is valuable information pertaining to their roles. I serve on several boards and this has given me insight into a few things I will investigate further to ensure compliance.
Kirk Valencia
(Business Administrator at Denver Church of Christ)
I appreciate the reminder to establish a conflict of interest policy with the members of our board. Also, the call to action to have a document destruction policy in order to protect sensitive employee personal information.
Anonymous
(Bookkeeper)
As always Lynn does a great job in touching key points and keeping it interesting. This was a great overview on key areas such as Conflicts of Interest, Whistle Blower Policy, Document Retention & cybersecurity.
Anonymous
(CPA / Owner)
High Level overview of NFP considerations that would be useful in creating a structural framework when setting up a new NFP or to evaluate if any pertinent areas are being overlooked in an existing NFP.
Anonymous
(CFO)
Provided good information on items all Non profits should be thinking about. There were are a few links to provide additional resources. The course is up-to-date with current cybersecurity issues.
Anonymous
(N/A)
The presenter did a good job in explaining the topic. My experience has been in the for-profit sector, so it was interesting to compare that sector's guidelines with NFP guidelines.
Anonymous
(Internal Auditor Chasing New Opportuniti..)
Coming from a for-profit background, I especially appreciated the information on where I can go for resources (National Council of Non-Profits, etc.).
Neal Stiles
(Accounting & Finance Guy at Contractor)
Very good pace and informative - a must for NFP executives and team members. Lynn is an excellent instructor and I highly recommend her classes.
Vivian Jenkins
(Partner at Select Accounting Reporting and Consult..)
The quality of the video was not good. It was apparent where the instructor stopped and restarted the recording, and the video kept buffering.
Anonymous
(-)
Another great course for those auditing or managing NFPs! Examples and considerations discussed are on point!
Anonymous
(Consultant, CPA, CGMA, CRMA, MBA, Past C..)
Excellent overview of responsibilities and accountabilities for not-for-profit companies.
Amy Arens
(CPA at Amy Arens CPA)
Good overview of areas where non-profits can improve their accountability.
Anonymous
(Retired)
Excellent course that gets right to what is most important, at a high level.
Anonymous
(CFO)
Great course for beginners. I would recommend for anyone as a refresher.
Anonymous
(Client Service Executive)
Meaningful and informative review to help us in our NFP audits.
Bryan Stypul
(Manager at MOORE Belize)
some very useful considerations to look for in our NFP audits
Anonymous
(title)
useful, helpful, good high level overview of relevant info
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Lynn FountainCPA, CGMA, CRMA, MBA, cPIA, Consultant, Author, Trainer
About Illumeo
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