The process
An audit involves putting your bookkeeping information into the appropriate financial statement format for nonprofit organizations, then analyzing each significant amount. We use analytical review, supporting documents, and confirmation with third parties to verify that each significant number is substantially correct. Click on the link at the left for additional description for an A-133 financial and compliance audit (Single Audit).
The opinion
We make a positive statement, and say that in our opinion, these financial statements present fairly.
The work
A small audit typically takes three days of fieldwork. A larger job might take five days or more. An exit conference is generally scheduled within two or three weeks of the start of the job. At the exit conference, we review the draft report, the graphs, and the management letter comments with you. The job then goes through completion and quality control. If there are no significant delays getting the information we need, we will deliver the final report to you within six weeks of the beginning of fieldwork.
Expenses
There are no "out of pocket" expenses. We bill a fixed fee for the engagement. There will be no additional charges.
Extra stuff
Anytime you want to talk, call our office. You will not be billed. If you find you need more report copies, we will prepare them and send them to you at no additional charge. Even if you do not engage us for professional services, we encourage you to call with any questions. You will not be charged. We want to be your nonprofit accounting resource.
