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The year 2020 has brought about unprecedented change and opportunity. Not-for-profits have historically utilized paper to document their processes, approvals and consummate business. As they move to remote work environments, significant consideration needs be given towards the workflow, processes and internal controls utilized to create the most efficient and effective environment. This session will take a dual approach from the virtual outsourced accountant and the independent auditor, such as: · Considerations in moving to the cloud, virtual work environment and virtual accounting solutions· Best practices in remote work environments · Audit issues that arise in moving to remote working, including moving to electronic processes and how to maintain integrity and proper internal controls· Compliance considerations with government and other funding when moving from paper to electronic
Learning Objectives:
Understand Trends in using cloud based technology
Analyze what has been working well
Discuss the industry related trends from internal and external perspective
