How to get the best Non Profit Audit Services from Professional CPAs?

Auditing for non-profit organizations is quite different from that of profit organizations. The fact that they do not run the same purposes makes it clear that they will not go through the same processes with regular profit-making companies. This is reason enough for non-profit organizations to require professional audit services. Irrespective of how well the business has been handled, you would the help of a professional who would be able to point out a thing or two that would guide you. It might surprise you that what was seemed completely in place would fall apart under the scrutiny of an expert. The benefit of this examination is that, in the end, your organization has more information and instructions to thrive on
If you want to come out of the audit unscathed and with a great result, you might want to reach out to certified professional accountant to help you with the task. Certain accounting principles guide the auditing of non-profit organizations and the professional can use this knowledge in your father. How I can get the best, you’re probably asking now. Luckily for you, I have a couple of tricks and tips that would get you just what you want- the best!

1. Begin Your Search

You won’t get anywhere with wishful thinking. Therefore, you need to take action. If you have an audit committee, they would need to come in here. Ask your colleagues in your field questions. They might be able to point you to someone. The CPA directory would also be a great place to check as the directory also shows their expertise and qualification. Google can also be of great help to you. Get a list of companies that would probably meet your needs. Finally, it is necessary to make sure that the audit firm is licensed in your state. Don't forget to consider cost. Be sure to make choices based on what you can afford. This way, you won't run into a fix in the middle of the process.

2. Run an Investigation on your Choice

Ascertain the expertise of the audit firm that you have chosen. Can they handle non-profit auditing? Make use of their peer audit reports (a report of the audit carried out on the audit firm or professional). This way you’ll be sure of their ability to deliver. Ensure that there is no conflict of interest between the audit firm and your organization. The auditor must be independent and free from bias and negligence. The audit firm that is chosen for the job must not be the same firm that offers consulting services to the organization. This is the most important part of the process because your choice determines the outcome of your audit. Confirm the ability of the audit organization to train your staff on what they need to know before the audit process.

3. Make Contact

You’ve made your choice, now it's time for you to send in a request for a proposal to the audit firm of your choice. In the request, make sure that the objective and scope of the audit is clear. Ask for a meeting where they would provide a quote and their credentials. They should also provide references from tax-exempt non-profit organization clients.

Follow these steps and you’ll have one of the best non-profit audit firms at our service in no time.