Find an Audit Firm or CPA for Your Charitable Nonprofit

1. Find an Audit Firm or CPA for Your Charitable
Nonprofit
1. Contact your state society of CPAs or state association of nonprofits and check with other
specialized service providers similar to your own for suggestions on audit firms and CPAs.
2. Ask for references and resumes of individual CPAs within bigger firms.
3. Try to find an auditing firm or a CPA that knows accounting for charitable nonprofits as well as
has expressed interest in your assignment. In addition, must ask how the firm / CPA will educate
your employees on how to prepare for the audit as this will be the most time-consuming process
for them on top of can most directly impact the time it takes for the auditors to examine and
complete their report. In this condition, the nonprofit can help control a little cost of the audit.
4. Always use a “Request for Proposals” process, and request a proposal letter from the licensed
audit firm or a qualified CPA. The objectives of the audit should be clear when requesting a
proposal for audit services. In addition, ask them to meet with you and provide a quote. Make
sure to ask for references from tax-exempt charitable organization clients.
5. When evaluating a proposal for audit services, then the audit committee need to consider the
following:
6. The request for the proposal’s responsiveness
7. Relevant experience and costs
8. Availability of personnel with qualifications and technical abilities
9. References from other clients (nonprofit)
10. Remember, not all auditors have nonprofit experience, so check references and ask for a copy of
their Peer Review.
11. Before you take your decision on an auditor, you need to do enough due diligences to know
whether there is any conflict/s of interest or not. Check with your board associates as part of
that investigation.
Click Here: Company Audtiors in Pune