Nonprofit CPA Virginia Beach, VA

Nonprofit Audit Services

nonprofit single audits

Many nonprofits ask for an "audit", but there are different types and levels of "auditing" depending upon the user of the financial statements. Sometimes, users do not even want financial reports. They may want to know that the accounting system is running properly or have questions about a particular part of the accounting system. Often management or the board is more interested in obtaining assurance on the internal workings of the accounting system or less formal financial reports. Because of the needs of each type of user, we can help you determine what level of service is best for you whether its a compilation, review, or audit.

The compilation does not provide any assurance on the financial information, but the financial statements will be presented according to specific accounting standards established by the AICPA. The review involves certain procedures that provide limited assurance on the financial statements. For standard engagement that provides the most assurance on the financial statements, an audit is the appropriate option.

Contact us to learn more about our auditing services and discuss your organization’s needs and objectives to determine which service best for you. Call us at 757-213-6945 or request a consultation online now.

Nonprofit auditing services include:

  • Nonprofit audits
  • Reviews
  • Compilations
  • Self-audit programs
  • Agreed-upon procedures
  • Evaluation of internal controls