External audits offer many benefits to nonprofits
Most nonprofits conduct internal audits on a regular basis. These audits promote fiscal responsibility, but they’re conducted by people inside the organization who may not have extensive audit training. On the other hand, external audits offer a fresh perspective from an independent, trained professional on whether your organization is operating with integrity and within acceptable accounting guidelines. This type of audit is completely separate from an internal audit, and it’s often recommended, even when not mandated under state or federal guidelines. Contact us for more information.