Nonprofit Board Financial Oversight and Audit Committees

About Course

Strong financial oversight protects your nonprofit’s mission and ensures donor trust. This audit committee training course equips board members, treasurers, and nonprofit leaders with practical skills to fulfill their fiduciary responsibilities with confidence. You’ll learn to read financial statements effectively, recognize warning signs before they become crises, and create oversight systems that prevent fraud while supporting organizational growth.

Whether you’re establishing your first audit committee training program or strengthening existing practices, this course provides the framework you need. You’ll discover how to work productively with independent auditors, design internal controls that match your organization’s size, and handle sensitive issues like executive compensation and conflicts of interest. The lessons move beyond theory to give you actionable strategies you can implement immediately.

Financial oversight isn’t just about compliance—it’s about enabling your organization to achieve greater impact. Through this audit committee training, you’ll master essential concepts including restricted fund accounting, grant compliance requirements, and endowment management. You’ll learn to create financial dashboards that transform complex data into clear insights, helping your board make informed decisions quickly.

The course also prepares you for difficult situations. You’ll understand how to identify financial irregularities early, respond effectively when problems arise, and rebuild stakeholder trust through improved controls and transparent communication. Real-world examples and practical applications help you connect course concepts to your organization’s specific challenges.

This audit committee training covers everything from basic fiduciary duties to specialized topics like intermediate sanctions and multi-year pledge accounting. You’ll develop skills in budget variance analysis, performance measurement, and risk management. By the end of the course, you’ll have the knowledge and confidence to provide the financial leadership your nonprofit deserves, protecting both your organization’s resources and your personal liability as a board member.

What You Will Learn

This audit committee training gives you the complete skillset for effective nonprofit financial oversight. You’ll gain confidence reading financial statements, understanding your legal responsibilities, and asking the right questions during board meetings. The course teaches you to establish and structure effective audit committees, work productively with independent auditors, and design internal control systems that prevent fraud and detect errors early.

You’ll master specialized nonprofit financial concepts including restricted fund accounting, grant compliance, and endowment management. The audit committee training also covers critical governance topics like executive compensation benchmarking, conflict of interest policies, and crisis management. Throughout the course, you’ll develop practical tools for creating financial dashboards, analyzing budget variances, and identifying key performance indicators that matter most for your organization’s sustainability and mission achievement.

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Course Content

Audit Committee Training

  • 1. Audit Committee Training Course Introduction
  • 2. Fundamentals of Nonprofit Financial Oversight
  • 3. Establishing and Structuring Audit Committees
  • 4. Working with Independent Auditors
  • 5. Internal Controls and Risk Management
  • 6. Financial Reporting and Dashboard Creation
  • 7. Executive Compensation and Conflict of Interest
  • 8. Specialized Nonprofit Financial Issues
  • 9. Crisis Management and Remediation
  • 10. Audit Committee Training Course Conclusion and Action Planning

Audit Committee Training Quiz

Audit Committee Training Materials