Unrestricted Net Assets and Key Financial Ratios Help Nonprofits Focus on their Financial Health
By: Michael Shaffer | Nonprofit Audit Manager In my 18 years as an auditor of nonprofit organizations, I have sat in a large number of offices for meetings with my clients. I always enjoy seeing how folks have their offices decorated, but one office stands out to me more than others over the years. This…
Alternatives to the Financial Statement Audit May Offer a Better Solution
The annual audit of financial statements is required for many organizations, often becoming a process their accounting staff has come to dread. For a lucky group, a review or compilation of their annual financial statements is adequate and is an attractive and less burdensome alternative to an audit. Understanding the difference can save your organization…
8 Steps for an Easier Audit
GRF Partners Ian Shuman and John Pace and Senior Manager Elinor Litwack recently presented a webinar on planning for an easier audit. Additional information including the webinar recording and PowerPoint slides are available here. The presenters provided 8 key takeaways to make your next audit easier based on years of experience assisting clients as members…