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Top 10 Mistakes Identified in Our Non-Profit Audits

TOP 10 MISTAKES IDENTIFIED IN OUR NON-PROFIT AUDITS

Cost Free
Presentation Length 1.5 hours

Recorded DateNovember 13, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Series: Non-Profits
Course Description

This course will review the top mistakes made by the presenter's non-profit organization audit clients. Join this webinar to explore the underlying causes of these common errors, as well as reveal important considerations and best practices for nailing the next audit. Some of the pitfalls to avoid that will be covered during this webinar include general trial balance preparation, issues related to capital campaign years, statements of cash flows, and more.

Learning Objectives:


  • Identify the top mistakes uncovered during non-profit audits

  • Recognize how to avoid these mistakes in upcoming audits

  • Determine best practices to enact throughout an audit to ensure a smooth experience

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Neely Duncan, CPA, CFE

Forvis Mazars
Partner / National Nonprofit Advisory Services Leader
[email protected]
(972) 702-8262

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A member of FORVIS National Nonprofit Advisory Services Practice and Center of Excellence. Neely has more than 20 years of audit and advisory experience in public accounting. Her expertise includes financial statement audits, Single Audits, grants management, assessments and compliance, outsourced accounting functions, standards implementation, internal audit procedures, strategic planning, and tax-exempt matters for a wide range of nonprofit entities. Neely also performs forensic work related to various cases for technical matters for nonprofits.

In addition to handling the accounting, consulting, and audit needs of her clients, she advises clients on operational efficiencies, internal controls, and governance issues and routinely shares best practices with clients gained from working with a variety of organizations. She is a highly sought national speaker on technical matters in the accounting community. Neely also served in the United States Navy for four years. 

Neely is a member of the American Institute of CPAs, Texas Society of Certified Public Accountants, where she serves as a board member, TXCPA -Dallas, where she serves as a board member and the Association of Certified Fraud Examiners, Inc. She holds the Certified Fraud Examiner (CFE) designation.

She has been involved with many other professional associations, including Dallas Social Venture Partners, Finance Chair, Arthritis Foundation, Dallas Heroes Project, and Great Girls Network. 

Neely is a 2000 magna cum laude graduate of Old Dominion University, Norfolk, Virginia, with a bachelor’s degree in accounting.

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Maura has over ten years of experience providing accounting and audit services to non-profit organizations, including foundations, endowment trusts, private schools, and cultural arts organizations and has extensive experience with federal and state grants compliance. As a member of the Non-profit Practice, she currently serves as the engagement executive for numerous clients. Maura also has private accounting experience serving as a senior controller at a non-profit organization.

In addition, Maura is a member of the American Institute of CPAs and the Texas Society of CPAs. Maura holds the AICPA Advanced Single Audit Certification. In addition, she serves on the board of Child Care Associates in Fort Worth, Texas. Maura prepares and delivers presentations on numerous non-profit related topics in the Dallas area and on national webinars.

She is a 2012 magna cum laude graduate of Texas A&M University in College Station, Texas, where she obtained a B.B.A. degree in accounting.

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Jack has more than seven years of experience providing accounting and audit services to nonprofit organizations, including foundations and institutions of higher education, and has been with the firm since September 2018. As an audit manager, he oversees the audit fieldwork process, including the supervision and training of the audit team, review of audit workpapers, and communication with the client and engagement executive.

He previously worked as a staff accountant for an outsourced accounting firm, performing month-end close and financial reporting services for various companies, with a heavy focus on nonprofit accounting.

Jack is a 2017 graduate of the University of North Texas with an M.S. degree in accounting. He is also a member of the American Institute of CPAs and TXCPA and serves as the Treasurer for a nonprofit organization in Hurst, Texas.

About Our Presenter

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Forvis Mazars, LLP is an independent member of Forvis Mazars Global, a leading global professional services network. Ranked among the largest public accounting firms in the United States, the firm’s 7,000 dedicated team members provide an Unmatched Client Experience through the delivery of assurance, tax, and consulting services for clients in all 50 states and internationally through the global network.