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Audit, review, compilation, or agreed-upon procedures for NFPs

Jun 16, 2024 · 5 min read

SECTION

EXCLUSIVE

Not-for-profits have a wide range of financial statement users who make decisions based on the information provided and therefore expect it to be timely, accurate, and understandable. NFPs often engage CPAs to provide assurance services not only to meet requirements of lenders and grantors, but also to lend credibility to their financial reporting and status as they make this information available to donors.

As NFPs experience changes to their operations, whether that be a change in programmatic activities or funding,

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