Nonprofit Audit Advisory Services
Position your nonprofit organization for financial strength and success
Empowering Your Ability to Serve Your Community
Nonprofit leaders face significant challenges in balancing complex compliance, financial reporting and documentation requirements with the ongoing demands of mission-driven operations. These responsibilities can make the audit process feel burdensome, but they don’t have to distract from the work that matters most.
With RKL’s nonprofit audit and assurance advisory services, your organization can navigate these requirements with confidence while strengthening the credibility and transparency of its financial information. In turn, that can help build trust with donors, grantors and your community, while also identifying opportunities to strengthen internal controls.
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Audit and Assurance Services for Your Nonprofit
Assurance
A comprehensive review of your organization’s reporting and accounting procedures
Attest services
- Financial audits
- Financial reviews
- Financial report compilations
Grant compliance services
OMB Circular A-133, Uniform Guidance and more
Special projects
- Internal control reviews
- Agreed-upon procedures engagements
Why RKL for Your Nonprofit Audit and Assurance Advisory Needs?
Deep bench of experts. Our nonprofit experts share unmatched industry-specific knowledge and experience in nonprofit audit services and assurance. Working exclusively with nonprofits, we are allies in helping you connect with resources, implement best practices and achieve your mission. We stay up to date on new regulations and requirements for nonprofits and ensure your organization maintains compliance.
Mission-first focus. When you work with our advisors, you can focus on mission-critical activities while we provide nonprofit audit services, help ensure you maintain compliance and reporting standards, review financial statements and more in the background. We share your passion for the community and strive to help you reach your goals and fulfill your vision. We’re centered on our mission—To enrich the lives of our clients, team and communities—so you can focus on yours.
Dedicated advisors. At RKL, you’ll work with a team that stands apart for their dedication to mission-driven organizations, serving more than 500 associations, health and welfare organizations, colleges, cultural and arts organizations, social service agencies, religious groups and more. Your RKL team members are active community volunteers and leaders, providing them with a deeper understanding of the challenges your organization may face and an appreciation for what it takes to foster success.
Frequently Asked Questions
What audit and assurance services do you provide for nonprofit organizations?
We provide comprehensive reviews of reporting and accounting procedures, internal audits, grant compliance services, special projects services and more.
What is RKL’s experience working with other nonprofits like mine?
Our nonprofit team stands apart for their dedication to mission-driven organizations, serving more than 500 associations, health and welfare organizations, colleges, cultural and arts organizations, social service agencies, religious groups and more. The team has unmatched industry-specific knowledge and experience in nonprofit audit services and assurance. Working exclusively with nonprofits, they are allies in helping you connect with resources, implement best practices and achieve your mission. organizations, social service agencies, religious groups and more. The team has unmatched industry-specific knowledge and experience in audit and assurance. Working exclusively with nonprofits, they are allies in helping you connect with resources, implement best practices and achieve your mission.
Is an audit required for my organization?
The obligation to file an independent audit report with the state government is generally just one of many requirements in connection with charitable solicitation registration. State laws often differ. Find out if your state requires an audit.
- The majority of states have laws requiring charitable nonprofits to conduct an independent audit under certain circumstances.
- The majority of states also require annual submission of audited financial statements in connection with renewal of charitable registration.
- These requirements for both initial and annual submission of audited financial statements may not apply to your nonprofit even if it is operating in a state where audit requirements exist. Details are specified in each state’s law.
What is the difference between an audit, a review and a compilation?
An audit is an independent examination of a charitable organization’s financial records, internal controls and compliance with laws and accounting standards.
A financial review examines your organization’s financial statements and determines whether they are consistent with generally accepted accounting principles. While a review shares the goals of an audit, it is not conducted with the same level of investigation or analysis as an independent audit.
A compilation is simply a compilation of financial records into a format required by accounting standards.
Contact us today to see if your organization would benefit from nonprofit audit services, a review or a compilation.
What is a Uniform Guidance Audit?
A Uniform Guidance Audit, or Single Audit, is required for your nonprofit if it receives money from the federal government and spends $1 million or more of federal dollars in a fiscal year. A Single Audit is organization-wide and includes a non-federal entity’s financial statement and all its federal awards.
How can we prepare for an audit?
Our nonprofit audit services team is happy to walk you through the audit process and help you prepare. Contact us today for more information.