Each auditor on staff is a certified public
accountant with at least eighteen years if public accounting
experience working directly with nonprofit associations
and small businesses. Our firm has in-dept experience with
many areas which affect nonprofit associations, including
unrelated business income, income from controlled groups,
lobbying tax, sales tax, excise tax, and changing accounting
regulations. In addition, several staff members have worked
in various capacities for nonprofit associations, including
outsourced controller during staff transition periods. The
staff assigned to perform the engagement has the skills
to provide each organization with highest level of service.
Each area of the engagement includes a thorough review of
taxation and accounting standards to insure each organization's
financial statements and tax returns are properly prepared.
Based on our evaluation of the internal
controls, we develop an audit plan to test the effectiveness
of the internal controls and identify the audit procedures
which are required to effectively audit the financial information
of each Organization.
We perform the evaluation of the internal
controls as soon as possible, preferable within thirty days
of the engagement acceptance. At this time, we begin with
our evaluation of internal controls and advise the Organization
of any issues as they arise. These steps can be performed
before an organization's fiscal year end. Our clients have
found this step invaluable in addressing management issues.
Many times these issues are resolved prior to the commencement
of the audit. We also utilize this time to work with the
Organization to develop a draft of the financial statements
that will incorporate any new reporting requirements.
During the performance our internal control
services, we will also address other changes in accounting
standards which are currently being implemented in the industry
that may not have been implemented by an organization. We
will review these changes with the Organization and assist
in identifying those standards which will affect the Organization.
At this time we will provide the organization
with and advance listing of all items that will be needed
for audit fieldwork. We find this step allows us to work
as efficiently as possible, while allowing your staff adequate
time to complete the request for audit information. Our
advance preparation for the audit and our level of experience
will result in reduced time required by the organization's
staff to provide explanations and supporting documents.
We work closely with each organization to coordinate the
audit, information needed and are available to assist the
organization in the process, if necessary.
