Audit or Review?
An audit, or review, of a nonprofit’s financial statements, is far from uncommon for most organizations. The nonprofit audit (in whatever shape or form it comes in) serves to:
- Safeguard the organization
- Protect its funds, assets, and programs and services
- Assure supporters, donors, funders, and grantors of proper management of those funds and programs
Your organization may not be required, by law, to conduct an audit or review. So, what should you know and what type of audit or financial examination should your organization be conducting? Here we've compiled all the key insights and information for you...