Audits are getting more expensive. And it's not just the auditors whose hours are increasing. Staff's time on the audit has expanded as well. How can you ease the burden?
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the North Carolina Center for Nonprofits, www.ncnonprofits.org.
An audit committee is considered a best practice for nonprofits. It helps the governing board perform its fiduciary and financial oversight roles, reduce risk, and maintain donor confidence.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the North Carolina Center for Nonprofits, www.ncnonprofits.org.
Additional resource:
Your organization may be growing and need extra hands on deck to maintain the recordkeeping. Or, maybe it's small and needs external help to manage finances. Either way, working with outsourced accountants may benefit your operations and save you money.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the North Carolina Center for Nonprofits, www.ncnonprofits.org.