A financial statement audit is an independent examination of an organization’s financial reports and underlying records to determine whether they are fairly presented in accordance with accounting standards. The audit provides assurance to stakeholders that the financial information is accurate, reliable, and free of material misstatement. Our dedicated nonprofit accounting professionals are available to make the financial statement process for tax exempt organizations timely and painless.

A single audit is a detailed examination required for nonprofits and governmental entities that spend over a certain threshold in federal funds in a year. It combines a financial statement audit with a compliance review to ensure the organization is properly managing and using federal awards in accordance with regulations. If your organization’s federal award program expenditures exceeded $1 million last year, we can assist you in completing your Single Audit.

A financial statement review provides limited assurance through analytical procedures and inquiries, helping determine whether financial statements require material modifications without performing a full audit. A compilation involves assembling financial data into statements without providing any assurance, offering a cost-effective way to present information in a standardized format. An agreed-upon procedure (AUP) performs only the specific procedures that the client and other specified parties have agreed to, and reports the factual results without providing an opinion or assurance. These alternate engagements to an audit often provide the financial reporting nonprofits desire without the added complexity and cost of an audit.

Tax exempt entities of all sizes have IRS Form 990 reporting requirements. Let us help take the stress off your IRS compliance, including best practices for reporting and assistance with unrelated business income.

We provide nonprofits and other businesses with outsourced accounting support such as bookkeeping, month-end and year-end close, and financial reporting, combined with proactive insights and guidance. These services help organizations improve efficiency, understand their financial performance, and make informed strategic decisions.

From board retreat facilitation to strategic planning and budgeting, our expertise and certifications in these engagements coupled with our unparalleled nonprofit accounting experience ensures management and governance of nonprofits receive the highest quality consulting services.