Embark on a journey of financial integrity and transparency with our Nonprofit Audit services. For nonprofits, accountability is paramount, and a thorough audit is not just a regulatory requirement but a strategic step towards organizational excellence.
Our team of auditors specializes in understanding the unique challenges and nuances of nonprofit finances. We go beyond the numbers, delving into the intricacies of your financial records, internal controls, and compliance processes. The goal is not only to ensure adherence to regulations but to provide valuable insights that empower your organization to fulfill its mission more effectively.
A Nonprofit Audit is a powerful tool to build trust among donors, stakeholders, and the community you serve. It demonstrates a commitment to responsible financial management and strengthens your organization's credibility. Our audit services are designed to align with the specific needs of nonprofits, ensuring that you not only meet regulatory standards but also enhance your overall financial health.
Navigating the financial landscape of nonprofits requires expertise and a nuanced understanding of the sector. With our dedicated auditors by your side, you can navigate these complexities with confidence. Stay ahead of regulatory changes, identify areas for improvement, and build a foundation for sustained success.
Beyond the audit process, we foster a collaborative relationship. Our team works closely with your organization, offering guidance on best practices and strategic financial management. We believe in being more than auditors; we aim to be partners in your mission, contributing to the long-term success of your nonprofit.
In a world where transparency is synonymous with trust, our Nonprofit Audit services are your gateway to a future of financial resilience and organizational impact. Let us be your trusted ally in ensuring that your nonprofit not only meets but exceeds financial expectations, making a lasting difference in the communities you serve.
Auditors are specialists in understanding how revenue is generated and allocated. They will spend a lot of time analyzing revenue figures, reviewing the methods used to record revenues, and performing a detailed income analysis. Non-profits can learn from auditing techniques to improve their … Read More
Annual reports help nonprofits keep their donors and volunteers informed and up to date. A well designed report can have a tremendous impact on potential donors, so be sure to take your time and make every word or image count. To help you create the best annual report possible, we have compiled some … Read More
As your nonprofit begins to prepare its taxes, it is also a good time to conduct a fundraising audit. A fundraising audit, will aide in developing a data-driven strategy to help your organization and fundraising efforts expand and grow. Below is a list of what to include in your fundraising audit … Read More
In August of 2017, a new set of rules were adopted by the Financial Accounting Standards Board (FASB). The is the first major update to the regulations since 1993, and will become effective on December 31, 2017. The goal is to improve communication between the nonprofits and its investors and … Read More
Internal controls are the operating procedures a nonprofit relies on to keep things running smoothly and reduce the potential for inappropriate behavior within the organization. Essential Internal Controls Every Nonprofit Needs 1. Authority to Spend Deciding who has the authority to make and … Read More
New FASB Standards Recognizing Revenue This past August (2017), the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) to address concerns raised by stakeholders regarding the recognition of revenue from contracts and grants received by nonprofit … Read More
Starting a nonprofit provides the community it will serve benefits and advantages, as well as, the individual(s) building the nonprofit. Typically, a 501(c)(3) nonprofit organization is formed to serve religious, charitable, educational, scientific or literary purposes. To be granted nonprofit … Read More
In addition to putting bylaws, policies & job descriptions in writing, a nonprofit committee charter is essential for detailing your current or future agenda. If your nonprofit does not currently have a board, begin by creating a committee for your charter topic. The creation of the committee … Read More
Nonprofit work is incredibly rewarding, but in a sector that relies heavily on donor support, success relies heavily on the ability to demonstrate a return on investment. As your organization grows, private donors, foundations and government entities will likely request detailed accounting documents … Read More
Are you thinking of starting a nonprofit? Before you do, consider the Internal Revenue Service code, 501(c)(3), which governs nonprofit status. Nonprofits may be classified as either a public charity or a private foundation. The Differences between Public Charity and Private Foundation Public … Read More