Services
Independent Financial Statement Audits for Nonprofit Organizations
Reliable financial reporting helps nonprofit organizations demonstrate accountability to donors, grant providers, board members and the communities they serve. Ryan Song CPA Group provides independent financial statement audits designed around an organization’s operations, funding sources and reporting requirements.
Financial reporting that supports confidence
An independent audit provides an auditor’s opinion on whether financial statements are presented fairly, in all material respects, under the applicable financial reporting framework. Our approach considers the organization’s activities, significant transactions and financial reporting risks.
Attention to nonprofit accounting
Depending on the engagement, audit procedures may address contributions, grants, donor restrictions, program revenue, expenses, cash, investments and other significant balances. We consider how these items are recorded and presented in the financial statements, including the related disclosures.
Communication with management and the board
We communicate audit results and matters required by professional standards to the appropriate members of management and those charged with governance. When applicable, we communicate identified internal control deficiencies and practical observations that can help strengthen financial processes.
Plan your audit early
Before beginning an engagement, we discuss the reporting period, intended users, required reporting framework, deadlines and independence requirements. This helps establish the appropriate scope and a realistic preparation schedule.
Related service
Schedule a Nonprofit Audit Consultation
Tell us about your organization, funding sources, reporting requirements and anticipated deadline. We can discuss the audit services appropriate for your circumstances.