Not-for-Profit Organization Audits
Independent audits that strengthen accountability to donors, boards, grantors and regulators — performed under AICPA standards and, where federal funding requires it, Uniform Guidance.
Standards we apply
Organizations we audit
What the engagement covers
A process built on dates, not hope
Confirm the requirement
Board bylaws, grant agreements, state registration and federal expenditure levels all drive different requirements. We identify which apply.
Planning
Written scope and a calendar set to your board meeting or grant reporting date.
Fieldwork
Structured request list built around the way nonprofit records are actually kept.
Report to the board
Financial statements, single audit reporting package where applicable, and a governance communication written to be read by trustees.
We plan backward from your deadline
Filing dates, plan-year deadlines and board meetings do not move. Neither does our schedule. Every engagement starts with a written timeline built backward from your date, and we hold the milestones we commit to.
If we prepare it, we cannot audit it
Independence rules do not allow a firm to audit financial statements it prepared. If JV CPA performs your accounting or financial statement preparation, your audit must be performed by a different firm — and we will say so at the first conversation, not the fourth.
Choosing which role we take early is faster and far less expensive than unwinding it later.
Questions we get asked
Do we need a single audit?
A single audit is generally required when an organization expends federal awards above the Uniform Guidance threshold during the fiscal year. It turns on what was expended, not what was awarded. We will work through the calculation with you.
Our board wants the report by a specific meeting date.
That is the date we build the calendar around. Board and grantor deadlines are the entire reason the schedule exists.
Can you prepare our financial statements and audit them?
No. If we prepare the statements, another firm must perform the audit. For many smaller organizations the more useful arrangement is that we do the audit and your bookkeeper or another firm handles the accounting.
We have never had an audit before.
First audits take longer, and the most common friction is documentation of donor restrictions and in-kind contributions. We flag what to start gathering as soon as the engagement is signed.
Board meeting or grant deadline coming?
Tell us your fiscal year end, your federal expenditure level and the date the board needs the report.
Contact Us About the Firm
