How An Audit From Cook & Company Helps
You Run A Stronger Nonprofit
Your mission is your focus, but the money is the tool that supports your efforts. Taking care of
it is key to the success of everything your nonprofit does.
That’s why an audit can be so valuable to your organization. All the regulatory and technical
stuff aside, the main goal of an audit is to make sure you have professionally prepared
financial statements that tell an accurate and reliable story about your organization.
With Cook & Company, you also benefit from our expertise in the areas of best practices
and internal controls.This includes things like effectively separating duties, keeping track of
donor-restricted funds, and properly allocating expenses to different functions.
We also strive to make the process as stress-free as possible. Our goal is to help, not just
“find and report mistakes”, and this translates into an audit that’s thorough, useful, and
sometimes even fun!
When we’re done with the audit, we prepare a complete (and very professional-looking)
report that includes a complete set of full-disclosure audited financial statements. An
independent audit by an unbiased third party carries a lot of weight with, donors, grant
approval committees, corporate sponsors, and other stakeholders.
Even if you’re not legally required to have an independent audit, it can benefit your nonprofit
in the following ways:
- Get a better understanding of your organization’s finances. Get a clear picture of your
nonprofit’s financial activities and position and discover what you can do to maintain a good
understanding of your books all year, not just at audit time.
- Improve your nonprofit’s ranking. Charity “watchdog” groups put a great emphasis on
financial accountability and transparency. An independent audit helps demonstrate your
- Be ready for opportunities. It’s common for government funders, corporate sponsors, and
foundation grant applications to request an audit report. Having a professional, reliable and
current report on hand means you don’t have to scramble to put one together and possibly
miss the chance to win over donors.
- Protect what you’ve achieved. Disorganized finances can lead to negative, unintended
consequences, such as unreliable financial statements, noncompliance with donor
requirements, violations of government regulations, and even fraud! Well-designed policies
and procedures and an independent audit create accountability and help protect the funds
you worked so hard to get.
WHY CHOOSE US?
Here are some additional benefits
of getting an Independent Audit
from Cook & Company
We only work with nonprofits, and we specialize in audits. This isn’t
something we do in between tax seasons, it’s our flagship service. We
know the issues that are important to nonprofits and their stakeholders
and we design our audit plan with those issues in mind.
We don’t just crunch the numbers and drop a report on your desk. We
get to know how your organization works and make useful suggestions
to improve efficiency and effectiveness (and give you more time to
dedicate to your mission)!
ACCURATE PROFESSIONAL REPORTS
We’ll deliver a professional audit report that you’ll be proud to share
with your board members, stakeholders, government entities, and
WANT MORE INFORMATION
ABOUT AUDITS AND NONPROFIT
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