This session will cover the identification of warning signs that could suggest a threat to the financial sustainability of an NFP. It will focus on early identification of these signs and how to avoid surprises in this area. It will talk about how to have these discussions with an organizations board, management and auditors. It will touch upon these issues in conjunction with the recently effective accounting guidance on going concern as well as liquidity.
Identify signs of financial instability
Identify accounting requirements in difficult situations