Mine your nonprofit’s audit report for good suggestions - WCS - Tax Preparation in Harford County MD

Mine your nonprofit’s audit report for good suggestions - WCS - Tax Preparation in Harford County MD

Only some not-for-profit organizations are required to conduct independent annual audits. For example, the federal government and many states mandate an audit if a nonprofit receives more than a specific amount in charitable donations. Some grantmakers and lenders may do so as well. But even if audits aren’t required, they’re a good idea for all organizations. They can alert you to critical shortcomings, promote transparency and help reassure do…