4081 | On Demand | Intermediate | Self-Study
Friday, May 1, 2020 - Friday, April 30, 2021
Not-for-profits (NFPs) are in the public eye and often held to a higher standard than for-profit businesses. Unfortunately, NFPs are not immune to ethical scandals and failures, which often play out in the media with attention from legislators and regulators. This CPE course offers you detail-rich examples and interpretations that will help you apply proven techniques to address ethical challenges and create governance practices to create a culture of ethical management.
- Recall some of the most common ethical challenges faced by NFPs.
- Identify policies and practices that promote ethics in an NFP environment.
- Determine strategies an NFP's board and executive management can establish to promote a culture of ethical management throughout the entity.
- Cathy Clarke (view bio)
CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
- Establishing a culture of ethical management and "tone at the top"
- Reputational risk management
- Managing conflicts of interest
- Executive compensation practices
- Ethical fundraising
- Employee policies
- Volunteer management
Cathy is a national audit and assurance quality partner at CliftonLarsonAllen LLP with over 20 years of experience, 15 of which are in public accounting. Her primary responsibilities include being a technical resource for the audit and assurance practice and quality review of assurance and accounting engagements. She has experience in preparing and conducting training sessions for audit and accounting staff within CliftonLarsonAllen LLP, AICPA and the Minnesota Society of CPA’s. Throughout her career, Cathy has served a variety of clients in numerous industries, including an emphasis in nonprofit organizations and health care entities. She is also a technical expert in the firm on non profit issues including HUD and Single Audit. Cathy is the chair of the AICPA’s Not for Profit Expert Panel, a national group of not for profit professionals that help interpret not for profit accounting issues. The group recently completed a rewrite of the AICPA’s Not-for-profit Audit & Accounting Guide. As a member of this group, she also works closing with the FASB representatives on the FASB Nonprofit Advisory Council. Cathy is a graduate of the University of Minnesota’s Carlson School of Management and holds a Bachelor of Science Business degree in Accounting. She is a Certified Public Accountant licensed in Minnesota. Cathy is a member of the American Institute of Certified Public Accountants (AICPA) and of the Minnesota Society of Certified Public Accountants. She is active in the community and currently serves as a volunteer for Girl Scouts of Minnesota and Wisconsin River Valleys. She has also been a mentor with the University of Minnesota’s Carlson School of Management’s mentorship program for the past five years. Prior to joining LarsonAllen in 2002, Cathy spent five years with Deloitte & Touche’ LLP. She also spent five years working for Minneapolis based public companies providing guidance on SEC and GAAP reporting and implementation of the accounting standards.