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

3 months ago · 4 min read

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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.

With the pandemic still having a strong effect on many not-for-profit organizations across the U.S., boards and

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