Accounting Principles Compliance General Ledger Numbers 
The Charity CFO
APRIL 29, 2022
We won’t deal with other types of nonprofit audits , like compliance audits or governmental audits, which can differ in certain respects. The audit firm will come in to review your final end-of-year numbers and all the documentation they need to complete your audit. The purpose of a financial statement audit is NOT to detect fraud.
The Charity CFO
FEBRUARY 4, 2022
Nonprofits must maintain thorough and accurate financial records to comply with both Generally Accepted Accounting Principles ( GAAP ) and maintain their tax-exempt status with the IRS. Execute data entry to keep the general ledger current . Allocate revenue and expenses to restricted fund accounts .
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