Non-Profit Financial Reporting and External Audit Readiness: Fund Accounting to Annual Filing – Paris, 22–26 Feb 2027
DestinationParis
Dates22 – 26 February 2027
Reference1121_5630
This session
22–26 Feb 2027
This Non-Profit Financial Reporting and External Audit Readiness: Fund Accounting to Annual Filing session in Paris runs from Monday 22 February to Friday 26 February 2027 (week 8, Q1 2027). It is the 1st of 2 dates in Paris in 2027, at a fee of 23,500 SAR, the same for each of them. Registration is open for this date. It is held in person at Right Bank business hotel.
Non-profit finance teams face an annual deadline that combines three tests: accounts that respect donor restrictions, an external audit that ends without a modified opinion, and statements filed on time with the supervising authority. Weak fund accounting, unsupported grant spending and last-minute reconciliations put all three at risk. This Core Concept course equips finance staff to prepare fund-based financial statements under the International Non-Profit Accounting Standard and to organise the year-end for audit. Participants build a working model and leave with an Annual Financial Statements and Audit Readiness Pack.
Course Objectives
Classify income, expenses and net assets by restricted, unrestricted and endowment fund using a unified chart of accounts
Apply INPAS recognition rules to grants, donations and in-kind contributions, with reference to other sector frameworks
Prepare fund-based annual financial statements, including a statement of functional expenses, a cash flow statement and notes
Assemble an audit-ready file of prepared-by-client schedules and reconciliations that answers auditors' requests first time
Respond to audit findings, fraud-risk enquiries, management letters and modified opinions in line with the ISAs
Produce an Annual Financial Statements and Audit Readiness Pack ready for board approval and filing
Target Audience
Finance managers and accountants in associations, foundations and charities
Finance officers responsible for grant and donation accounting
Treasurers and finance committee members who review the annual accounts
Internal auditors and compliance officers preparing the organisation for external audit
Grant finance officers in foundations and endowments who review grantee financial reports
Course Outline
Day 1: Non-Profit Financial Reporting Foundations
Non-Profit Reporting Frameworks Compared: INPAS, IFRS for SMEs and Sector SORPs
Users of Non-Profit Financial Statements and Their Information Needs
Unified Chart of Accounts Structure for Associations and Foundations
Restricted, Unrestricted and Endowment Fund Classification
Year-End Close Readiness Review Using a Closing Checklist
Day 2: Accounting Standards for Non-Profit Transactions
INPAS Grant and Donation Income Recognition: Conditions and Restrictions
In-Kind Donations, Donated Services and Volunteer Time Measurement
Statement of Financial Position and Statement of Financial Performance by Fund
Statement of Functional Expenses: Programme, Fundraising and Administration Allocation
Comparative Presentation under Charities SORP (FRS 102) 2026 and FASB ASC 958
Day 3: Preparing the Annual Financial Statements
Fund-Based Trial Balance Mapping to Financial Statement Lines
Cash Flow Statement Preparation Using the Indirect Method
Notes to the Accounts: Fund Movements, Related Parties and Commitments
Board Annual Report on Activities, Results and Reserves Policy
Grant and Donor Reconciliation Schedules
Day 4: External Audit Readiness, Risk and Problem Cases
Prepared-by-Client Schedule and Audit File Index
Common Non-Profit Audit Findings: Commingled Funds, Unsupported Expenses and Cut-Off Errors
ISA 240 (Revised) Fraud Risk Indicators in Donations and Cash Collection
Written Representations under ISA 580 and Communication with Those Charged with Governance under ISA 260 (Revised)
Modified Opinions under ISA 705 (Revised) and Management Letter Responses under ISA 265
Day 5: Modelling Build and the Annual Filing Pack
Model Build: Fund-Based Financial Statements from a Sample Trial Balance
Model Build: Functional Expense Allocation Workbook
Going Concern and Reserves Assessment with Reference to ISA 570 (Revised 2024)
Annual Filing Checklist: Audited Statements, Board Approval and Submission Evidence
Annual Financial Statements and Audit Readiness Pack Review
Skills You Will Gain
Fund Accounting
Grant Income Recognition
Functional Expense Allocation
Non-Profit Financial Statement Preparation
Audit Evidence Preparation
Financial Close Management
Audit Finding Remediation
Reserves Analysis
Why Attend This Course
Leave with an Annual Financial Statements and Audit Readiness Pack built on a working, fund-based model
Shorten the audit cycle by anticipating what auditors will request and why
Explain restricted fund balances and functional expense ratios to boards and donors in plain terms
Compare reporting and audit practice with finance professionals from non-profits in other countries
Conclusion
Donors, boards and supervisors judge a non-profit's credibility first by its annual accounts and its audit report. This course moves from fund classification and the recognition rules for grants and donations, through the preparation of fund-based statements and notes, to the audit findings, fraud risks and opinions that most often cause difficulty. The final day brings these together in a working model and an Annual Financial Statements and Audit Readiness Pack that participants can use at their next year-end.
Non-Profit Financial Reporting and External Audit Readiness: Fund Accounting to Annual Filing runs in Paris over 5 days, with 2 upcoming dates in Paris. The course fee is 23,500 SAR.
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