O'Sullivan Creel

Ensuring a Smooth Audit

Tammy McGaughy, audit partner with O'Sullivan Creel, provides insight into ways to cut costs in audit preparation. The annual audit is not always free of complications. Pre-audit preparation is the easiest way to guarantee a smoother process at the fiscal year end. Efficient engagements are ones in which non-profit executives ask the following: what process should my organization have in place to prepare more proactively for the audit? How can we best integrate audit compliance requirements with organizational efficiencies?

Click below to view the presentation, along with the corresponding materials and links.

Ensuring a Smooth Audit Presentation Slides

Nonprofit Issues "Ready Reference Page"

Internal Control Considerations

Typical Audit Workpapers Matrix

Suggestions for Ensuring a Smooth Annual Audit

Whatcom Council of Nonprofits Best Practices for Executive Directors and Boards of Nonprofit Organizations

Sample Governance Policies

Journal of Accountancy's "How to Report a Joint Activity"

Compliance Guide for 503(c)3 Public Charities

Compliance Guide for Other Tax-Exempt Organizations

Organizations Exempt from Taxation Questionnaire