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It doesn't occur to many small and medium sized nonprofits to get their books audited. It didn't to me when I started one 20 years ago. But it turns out to be a great exercise to understand where your organization is under-performing, and even over-performing. It covers you if the IRS comes knocking, and it impresses those donors who ask to see your financials. This episode explains the why's and how's of organization auditing.
It doesn't occur to many small and medium sized nonprofits to get their books audited. It didn't to me when I started one 20 years ago. But it turns out to be a great exercise to understand where your organization is under-performing, and even over-performing. It covers you if the IRS comes knocking, and it impresses those donors who ask to see your financials. This episode explains the why's and how's of organization auditing.