Nonprofit Services
About Nonprofit Services
What is the value of a CPA firm to Nonprofit Organizations?
Nonprofit Organizations face significantly different reporting and compliance requirements than many for-profit enterprises. These reporting and compliance requirements are typically imposed by foundations, grantors, federal agencies, national organizations with local chapters, the Internal Revenue Service, and many others. To maintain compliance, Nonprofit Organizations need CPA firms to provide services such as:
- An annual financial statement audit.
- A Yellow-Book audit performed in accordance with Government Auditing Standards.
- Compliance audits under the Single Audit Act.
- Preparation of the Form 990.
For each of these items and more, the Nonprofit Organization will need to find the right CPA firm to meet their needs.
What criteria should a nonprofit use when selecting a CPA firm?
When selecting your CPA firm, you will want to consider the level of audit experience and expertise of the firm members based on their:
- Years of experience with Nonprofit Organizations.
- Types of services they provide to Nonprofit Organizations.
- Knowledge and familiarity with the industry.
- Ability to deliver services timely.
- Firm reputation.
- Cost.
You also want to evaluate your CPA firm based on their cultural fit with you and your Nonprofit Organization. You want to be able to like and trust your firm and believe that you can build a long-term relationship with them.
While no CPA firm is perfect, you’ll need to evaluate each CPA firm based on those criteria that are most important and will supply the best match for your firm.
With those criteria in mind, why would you choose our firm to perform these services?
- Firm staff members have Nonprofit auditing experience since 1997.
- We perform audit and assurance services for over 40 Nonprofit Organizations annually.
- Size of Nonprofits served range from Organizations with no employees and an annual budget less than $50,000 to Organizations with up 50 employees, annual budgets of over $8,000,000, with several different federal awards.
- Services provided to Nonprofit Organizations in over 10 different states, from the east coast to the west coast.
The services most commonly performed by our firm for our Nonprofit Organization clients include:
- An annual financial statement audit.
- A Yellow-Book audit performed in accordance with Government Auditing Standards.
- Compliance audits under the Single Audit Act.
- Preparation of the Form 990.
- Internal Control consulting.
Why should we pay your standard rate for these services?
