Learn Practice Element 6C1: Obtain an Annual Financial Audit, Review or Compilation

This 15-minute course goes into detail about what a land trust can expect when engaging in an audit.

A previous module provided an overview of the types of professional accounting services available and factors for land trusts to consider when selecting a service.

Land Trust Standards and Practices Practice Element 3A2 on board oversight, includes five elements. This module addresses the fourth element, 3A2d: Reviewing the externally prepared financial audit, review or compilation.

This guidance covers Practice 6C: External Financial Evaluation.

Land Trust Standards and Practices, Practice 9E: Conservation Easement Drafting, includes two elements. This 15-minute module covers the second element, 9E2.

This guidance covers Practice Element 6A1: Develop an annual budget that reflects the land trust’s annual programs and activities.

This 15-minute module covers Land Trust Standards and Practices, Practice 2A: Compliance with Laws, which includes one element:

1. Do not knowingly conduct operations in violation of law

Land Trust Standards and Practices Practice Element 3A2 on board oversight, includes five elements. This module addresses the first element, 3A2a: Reviewing and approving an annual budget.

​​If you’ve been startled by audit adjustments, baffled by accounting terms or called on to explain land trust financial reports to skeptical board members who have read business financials for years but can’t make sense out of yours, this webinar is designed for you.

Land Trust Standards and Practices, Practice 3B: Board Composition and Structure, includes five elements. This 15-minute module covers the third element:

3. Have a board development process that includes procedures for recruiting and training board members