Nonprofit Audit Fundamentals: A Guide to Improving Nonprofit Audits

Preparing for an audit is a year-round task. While preparing for an audit requires your nonprofit’s full attention, the process has several undeniable benefits.  

Audits help nonprofits:

• Show they’re good financial stewards of the funds your donors and grantmaking organizations provide
• Reassure supporters that your nonprofit manages its operations efficiently 
• Inform board members and executives

Your organization can work throughout the year to make the audit process easier. This Guide to Improving Nonprofit Audits lists steps to help your nonprofit thrive through the pre-work, fieldwork, and post-audit stages, and lists several best practices to increase audit and operational efficiency.