How A Financial Review From Cook & Company Helps
You Run A Stronger Nonprofit
While a full Independent Audit is always the best option for the health and security of an organization, it’s often not financially feasible for smaller nonprofits. In those circumstances,a financial review is the next best choice.
A financial review is less detailed than an audit, but works in much the same way. If your funding sources and legal requirements allow for a financial review instead of an audit, a CPA will analyze your financial statements and supporting documents, and speak with personnel to get an overview of your nonprofit’s accounting methods and financial reporting practices.
In addition to providing assurance on your financials, one of the best things about a financial review is it gives your nonprofit the opportunity to look at the financial “big picture” and make adjustments that will benefit your organization now and in the future.
Here’s how a financial review can help your nonprofit:
- Protect your financial health. An annual financial review is like a yearly checkup with your
doctor. You can better understand your financial position and activities, and address potential
problems before they become major issues.
- Protect your reputation. Nonprofits who are willing to undergo a review or audit are
showing they value accountability and transparency in their financial affairs.
- Appeal to new funding opportunities. Foundations, corporate sponsors, and government
agencies often require an audit or review report before funding a nonprofit. Not having one
could mean missed opportunities to further your mission.
- Become more effective. An annual financial review is a wonderful opportunity to make
“course corrections” and develop better ways of tracking finances. The review process also
gives you the chance to pick our brain with those accounting questions you’ve been dying to
WHY CHOOSE US?
Here are some additional benefits
of getting a financial review of your
nonprofit from Cook & Company
A FINANCIAL PARTNER
We don’t just look at your finances and leave! We sit with you and take
the time to answer all your financial questions and make suggestions
that will help your organization down the line.
Cook & Company’s financial review goes beyond what you’ll find at many
firms: we provide a Management Letter (a summary of our findings,
comments and recommendations) designed to help enhance operating
efficiency and effectiveness.
Just because something’s been done a certain way in the past doesn’t
mean it’s the best way to do it. Our team is addicted to technology, and
we’re always “thinking outside the box” to provide our clients with a
faster, less expensive, and more reliable way to do things.
WANT MORE INFORMATION
ABOUT FINANCIAL REVIEWS AND
NONPROFIT FINANCE MANAGEMENT?
Get our FREE tool: Sample Nonprofit Accounting Close
& Fnancial Statement Preparation Checklist.
Thank you for taking the time
to visit our website. We look
forward to hearing from you.
Northern California Office
870 Market Street, Suite 880
San Francisco, CA 94102
Southern California Office
3110 Main Street, The Annex
Santa Monica, CA 90405