How to Prepare for an Audit
RECORDED WEBINAR: July 29, 2021
A financial audit can feel intimidating, but reviewing your financial reports is an important process to verify that your organization is following accounting best practices, and demonstrating financial stewardship and health. Alex, a CPA, will interview Ashley Berry, our Services Manager and a former auditor. They will discuss the basics of financial audits, when they are commonly used, and what to expect so you have an idea of what it would look like for your organization.
In this webinar:
- Explain the difference between internal and independent audits, and reasons why a nonprofit or church may decide to have an audit
- Walk through what to expect during an audit, what the typical process involves, and what may be reviewed
- Share tips for how to prepare for your audit