Audits, Reviews, And Compilations For Nonprofit Organizations Training

Audits, Reviews, And Compilations For Nonprofit Organizations: Training Slides and Recording

November 29, 2023

To view a recording of this training click here.

This training on audits, reviews, and compilations for nonprofit organizations is designed to help boards, finance committees, and management understand their financial reporting options and responsibilities. The session explains the key differences between an audit, a review, and a compilation, including the level of assurance each service provides and when each may be appropriate for a nonprofit based on size, funding sources, and regulatory or donor requirements.

Participants learn what auditors and CPAs look for in nonprofit financial statements, common challenges in areas such as internal controls, grant compliance, and restricted funds, and how to prepare year-round for a smooth engagement.

The training also addresses how to work effectively with your CPA firm, from planning and document requests to communicating timelines and expectations. By viewing this training, nonprofit leaders will gain clarity on how the right level of assurance can support transparency, strengthen governance, and build confidence with donors, grantors, and other stakeholders.

This practical overview of nonprofit audits, reviews, and compilations provides a strong foundation for informed decision-making and more efficient financial reporting processes.

For more information about this topic contact Kyle Robbins.