Helping You Navigate Your Nonprofit Audit
While the IRS may not require your organization to be audited, other institutions may require an independent audit in order to receive grants, federal funding, or to remain compliant with state requirements. CKH Group has proven experience in nonprofit audits to ensure you receive the highest level of service.
As a leading CPA firm based in Atlanta, we take pride in offering Nonprofit Audits designed to:
- Give you transparency and ensure accountability
- Comply with regulations and receive funding
- Provide timely and efficient results
What Is A Nonprofit Audit?
A nonprofit audit is a reasonable opinion provided by an auditor on the accuracy and completeness of the information presented in the nonprofit’s financial statements according to the applicable reporting framework. Nonprofit audits are subject to generally accepted auditing standards (GAAS) issued by the AICPA.
What are the Nonprofit Audit Requirements?
The IRS has no reason to audit your organization; you’re not paying taxes! However, other institutions may require an audit. State or federal agencies may require it depending on your nonprofit’s spending habits or size. Grant organizations may require it before providing funding, and some nonprofit founders may stipulate it as a bylaw in order to ensure financial responsibility and transparency. However, even if you’re not required to be audited, it may still be worth conducting to protect your nonprofit from financial missteps and increase accountability.
What is the Importance of Nonprofit Audits?
Because nonprofit audits are needed less often than audits of for-profit companies, it’s important to know how they can be beneficial to your organization, regardless of whether they are required. One of the most fundamental ways an audit can help is to ensure that the organization is being managed responsibly and in accordance with its mission. This can provide assurance not just for your own peace of mind but also for any of your nonprofit’s stakeholders, like donors, funders, volunteers, board members, and more.
We know that as a nonprofit, you want to put good out into the world and be trusted for your use of contributions from the community, so an audit can give you reasonable assurance that your financials are being handled responsibly.
Why Choose CKH Group?
CKH Group’s Audit Services are designed to empower organizations with confidence in their financial reporting and decision-making.
With CKH Group, you’re not just getting a CPA firm; you’re gaining a trusted partner committed to your success. Discover the CKH Group advantage, where excellence, integrity, and expertise come together to create a powerful assurance partnership for you. Contact us today to explore how our External Audits can add value to your organization.