Nonprofit Audit Preparation Services & Assistance | YPTC
Stay audit-ready year-round with a partner who will help you keep everything in order.
Make Audit Preparation Part of Your Routine
Preparing for an audit is tedious. Auditors often want to see your nonprofit’s financial statements, bank statements, and tax documents to ensure they’re accurate, complete, and compliant with Generally Accepted Accounting Principles (GAAP).
At YPTC, we take the stress out of audit preparation. Our experienced accountants provide nonprofit audit preparation services to help you through every stage of the process: reconciling your accounts, preparing work papers and schedules, coordinating with your tax preparer, and so much more.
Our Nonprofit Audit Preparation Services
You have enough on your plate. Let us handle the logistics and burden of audit preparation so you can focus on the real work. Feel supported every step of the way with the following nonprofit audit preparation services:
• Preparing work papers and schedules for your auditor
• Performing your month-end close, including reconciling your accounts
• Reviewing your financial statements for accuracy, completeness, and adherence to GAAP
• Assembling all necessary financial documents
• Enhancing your internal controls
• Setting up your accounting system to align with federal grant audit requirements
• Coordinating with your tax preparer to complete Form 990
Laying the Foundation for Continued Financial Success
At YPTC, our mission is to build stronger nonprofits through proper financial management. When you partner with us for audit assistance, you get so much more. We help create a foundation for your overarching financial strategy, empowering your organization to not only stay audit-ready but also financially sound.
Updating Your Documentation
From resolving financial statement errors and reconciling your accounts to updating your list of vendors, we ensure your financial documents are in order. This step not only prepares you for your audit, but it also ensures your entire team is working from current and accurate information.
Communicating on Your Behalf
You can put your full trust in the YPTC team. We’ll work directly with your auditor and tax preparer, handling the entire audit preparation process from end to end.
Improving Your Internal Controls
Internal controls protect your organization’s financial integrity. We’ll review your current policies and help you update them as needed to reflect best practices, such as segregation of duties, physical asset checks, and risk assessment procedures.
Providing Additional Resources
We’re committed to constantly improving your knowledge of nonprofit financial management. Check out our audit preparation resources, including our audit preparation guide, and our general resource hub to learn more.
Hear From Our Audit Preparation Clients
“They make sure that when we get an audit we’re fully ready for it. It’s been smooth as silk. We’re glad that YPTC does all that hard work for us.”
- Terry Landsdell, Executive Director, Bike Walk NC
“We used to be the organization that needed multiple audit extensions every year, rushing and trying to figure out how to start again the next year, but that is no longer the case and YPTC has played a huge role in that. I would absolutely recommend YPTC to any other nonprofit client.”
- Zoe Peerman, Development & Operations Manager, Four Freedoms Park Conservancy, Inc.
“YPTC has helped us improve our overall auditing practices, reporting, and operations. It’s helped me be a better executive director just by knowing and understanding what I’m looking for, so I would certainly recommend to other nonprofits.”
- Zammeah Bivins-Gibson, Executive Director, Isaiah House
Trusted by Audit and CPA Firms Everywhere
We facilitate a smoother and more efficient audit process. YPTC helps clients be fully prepared and responsive, reducing audit risks and potential delays.
Auditors value YPTC's assistance in preparing their shared nonprofit clients for audits, as well as clear communication and high-quality financial reports. This support fosters a long-term successful relationship between clients and auditors.
Frequently Asked Questions About Nonprofit Audit Preparation Services
YPTC does not directly facilitate financial audits. However, we can help you prepare for an audit and coordinate with your auditor to ensure a smooth auditing process.
Following your audit, we coordinate with your auditor and tax preparer or CPA to complete Form 990 in a timely manner.
Yes, we’re happy to help implement your auditor’s recommendations, strengthening your internal controls and financial reporting along the way.
