How Private K–12 Schools Can Prepare for and Ace Their Financial Audit
For many private K-12 business office teams, the annual financial audit conjures up visions of long nights tracking down receipts, [...]
Avoid These 16 Common Nonprofit Audit Mistakes
When you get a clean bill of health from your doctor, you can feel confident as you navigate through life. [...]
How to Improve Your Internal Controls to Minimize Audit Findings
Navigating the process of preparing for an audit can be a daunting task. The time and resources needed can be [...]
Financial Reviews vs. Financial Audits: Making the Right Choice for Your Nonprofit
Most nonprofit organizations work with a firm to do their annual financial audit. But some organizations might benefit from a [...]
What Every Nonprofit Needs to Know About Financial Audits
The term “audit” tends to strike fear into the hearts of organizational leaders and individual taxpayers alike. Most likely, the [...]
Nonprofit Annual Financial Audits (Independent Audits): Definition, Process, and Tips
If you are new to nonprofit accounting or just starting your fund accounting career, you may be heading into your [...]
Beyond the Audit: 6 Best Practices to Build and Strengthen Your Relationship with Your Audit Firm
In recent years, relationships between nonprofit organizations and their auditors have seen positive change. Auditors are viewed less by nonprofits [...]
4 Strategies for Proactive Risk Management at Your Nonprofit
When everything is going well at your nonprofit, risk management may not seem like a priority. It’s easy to become [...]
The Final Step of the Audit: Helping Your Board Understand the Nonprofit Audit Report
Your nonprofit audit should reinforce the good work that you do. This post shares tips for how to effectively share your financial statements with your board.
Preparing for Your School or Nonprofit Financial Audit: Identifying Risks and Establishing Strong Internal Controls
The annual audit is often viewed as a chore.This blog post shares expert advice on how to prepare by targeting risks and measuring performance and compliance.
