Nonprofit Audit Resources and Best Practices
Cut down nonprofit audit preparation time and increase your organization’s financial transparency with MIP Accounting. From improving the nonprofit audit process, to implementing nonprofit internal collections, discover MIP’s nonprofit audit resources and best practices to ensure your organization is audit ready.
Save Time on Nonprofit Audits
While preparing for an audit requires your nonprofit’s full attention, the process doesn't have to be time-consuming. MIP’s audit capabilities reduce time and effort spent meeting compliance standards, while making it simple for your organization to compile reports or even give view-only access for your auditor.
MIP’s internal controls help your organization keep its data safe
MIP features a built-in audit trail ensuring every financial change is logged to improve visibility into your organization’s finances and showcase your organization’s commitment to being strong fiscal stewards.
With MIP’s internal controls, your nonprofit can:
Set User
Permissions
Assign view-only licenses to users such as auditors and executives—while restricting changes from being made.
Easily Share Data With Auditors
Permission-setting logins allow you to say goodbye to data lag: no more printing reports for auditors. Instead, provide them with the limited access they need— no more, no less.
Mitigate Common Fraud Risks
Log user transactions right down to the data entered and viewed, complete with a timestamp.
Improve Audit Efficiency
Granting auditors access to the data they need reduces the time you’ll spend on past work and allows you to focus on the future. With MIP, auditors can do their work while you do yours, uninterrupted.
See how your nonprofit can improve its audits
Nonprofit Audit Resources
Delve deeper into the world of efficient audit management.
Gain insights, tips, and real-world success stories to empower your finance team.
Nonprofit Audit
Checklist
Complement your audit preparation with our comprehensive checklist to ensure a successful audit every time.
Nonprofit Audit Readiness Webinar
Discover how your nonprofit can implement a proactive approach to audits, internal controls and collaboration.
Audit Success Story - Lowcountry Community Action Agency
Read how Lowcountry Community Action Agency completes audits 2x faster and supports the growth and efficiency of South Carolina Communities.
Successful Audits and
Fraud Prevention
Stay ahead with these expert tips to stay organized and compliant throughout the audit experience.
Nonprofit Audit
Fundamentals
This Guide to Improving Nonprofit Audits provides steps to help your nonprofit thrive through the pre-work, fieldwork, and wrap-up stages, and lists several best practices to increase audit and operational efficiency.
Methods to Improve
the Audit Process
Explore best practices around selecting an auditor, building an audit team, and executing the audit.
Learn How MIP Helps Nonprofits with Audits
Ready to improve the audit process? Fill out the form and one of our MIP Accounting experts will be in touch shortly to schedule a personal product tour.