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Continuing Professional Education · Self-Study
NFP Audits Essentials
Built from primary sources · statutes, standards & official guidance
- CPE credits
- 4 CPE credits
- Lessons
- 4 lessons
- Field of study
- Auditing
- Pass requirement
- 70% to pass
Lessons
0 of 4 completed- NFP Financial Statements — Net Asset Classes, Statement of Activities & ASC 958 ReportingNot started~87 min
- Contributions & promises to give: conditional vs. unconditionalNot started~88 min
- NFP disclosures: functional expenses, liquidity, and the audit issuesNot started~88 min
- Government grants to NFPs: exchange vs contribution, Uniform Guidance audit interfacesNot started~87 min
Progress is saved in this browser. Each lesson's final exam requires a score of 70% or higher to earn that lesson's CPE credit.
Course details
Program information
- Delivery method
- QAS Self-Study
- Program level
- Intermediate — Intermediate-level: the course assumes foundational audit knowledge and builds the nonprofit audit toolkit — ASC 958 reporting, contribution accounting, disclosures, and government-grant compliance.
- Prerequisites
- Foundational audit knowledge.
- Advance preparation
- None
- Final exam
- 70% to pass · Unlimited retakes; each lesson's final exam allows repeated attempts. · Questions and answer options are presented in fixed order on every attempt.
- Content last reviewed
- 2026-09-22
- Accessibility
- Slide decks are text-based HTML. Voice narration (where produced) is accompanied by its full written script on the Listen tab. Worksheet keyboard operability and screen-reader behavior have not been formally tested.
- Refund policy
- Draft — pending attorney and CPA review. Full refund within 30 days of enrollment, provided you have not passed the final assessment and have not been issued a CPE certificate. Once a certificate is issued, the enrollment is non-refundable.
- Complaint resolution
- Draft — pending attorney and CPA review. Email support with your full name, contact information, course title, and a description of the issue, including relevant dates and supporting detail.
CPE credit basis
NASBA word-count formula: (words ÷ 180 + questions × 1.85) ÷ 50, rounded down. Narration of the text adds no separate minutes. Claimed credit never exceeds computed credit.
| Lesson | Words | Questions | Computed | Claimed |
|---|---|---|---|---|
| 1. NFP Financial Statements — Net Asset Classes, Statement of Activities & ASC 958 Reporting | 9,068 | 20 | 87.4 min · 1.5 credits | 1 credit |
| 2. Contributions & promises to give: conditional vs. unconditional | 9,175 | 20 | 88 min · 1.5 credits | 1 credit |
| 3. NFP disclosures: functional expenses, liquidity, and the audit issues | 9,154 | 20 | 87.9 min · 1.5 credits | 1 credit |
| 4. Government grants to NFPs: exchange vs contribution, Uniform Guidance audit interfaces | 9,029 | 20 | 87.2 min · 1.5 credits | 1 credit |
Please read
Educational material only. This course is for continuing professional education and does not constitute authoritative interpretation of FASB ASC 958 or the Uniform Guidance. Verify all requirements against current primary sources. Standards change; this course reflects research conducted in September 2026.