Faculty: Ariel Goldin, Director of Client Relations, Goldin Group

This webinar will help nonprofit leaders understand how the AICPA’s new Quality Management Standards affect the nonprofit audit process and what organizations can do to prepare. We will review the audit profession’s shift from traditional quality control to a risk-based quality management approach, discuss the potential impact on audit planning, documentation requests, internal control walkthroughs, and auditor communication, and share practical audit preparation best practices to support a smoother, more efficient audit process.

Learning Objectives:

1. Understand the new standards and why they matter. Participants will gain a high-level understanding of the AICPA’s new Quality Management Standards and how they may change the way audit firms plan, review, document, and manage audit engagements.

2. Recognize the potential impact on nonprofit audits. Participants will learn how nonprofits may experience more detailed auditor inquiries, increased documentation requests, deeper internal control walkthroughs, and greater focus on areas such as grants, restricted funds, revenue recognition, and compliance.

3. Learn practical audit preparation best practices. Participants will leave with actionable steps to improve audit readiness, strengthen documentation, organize key schedules, prepare for auditor questions, and reduce delays during the audit process.

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