An Auditor's Recommendations on How Best to Prepare for a Nonprofit Audit
Summer, considered by many to be their favorite season of the year, began little more than a few days ago! However, many nonprofit organizations, especially those with June 30th year–ends, may not share the same warm sentiments about another season that has just begun. The financial statement audit season is now upon us, and I am willing to bet that this falls among the least favorite of seasons on the nonprofit calendar. As an auditor, I'll admit that this hurts my pride. However, I know that there are several reasons why some might feel this way:
- First, auditors can be demanding and consume resources such as staff time, space and energy.
- It can also be uncomfortable to have someone examine everything your organization has done for the past year.
- And last but not least, there is the often–dreaded financial aspect of the audit.
Despite the aforementioned, there are several steps nonprofit organizations can take to help them dive, rather than freefall into the season.
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Tom Walenchok is a Principal at McCrory and McDowell and the division leader of the firm's Accounting and Auditing Service Division. Tom can be reached at twalenchok@mccmcd.com or 412.281.9690.
Join Us in Palm Springs!
The Alliance for Nonprofit Management will hold its annual conference in Palm Springs, California from July 15th – 17th. Hundreds of consultants and nonprofit leaders attended the conference last year and left with real takeaways about how to improve the management and governance of nonprofits.
The Program Committee has worked extra hard to ensure that this year's conference provides cutting edge content that advances the field, challenges long–term participants and is responsive to the current economic crisis. We encourage new, current and prospective members to join us and participate in this dialogue as there will be plenty of time for networking and learning.
Our very own, Todd Owens, will be co–presenting with Laura Gassner Otting. Please watch for more details to come.
Click here for more information.
Save the Date! 2009 Nonprofit Human Resources Conference
October 4 – 6, 2009: The 2009 Nonprofit Human Resources Conference brings together nonprofit human resources practitioners, executives, thought leaders and researchers to discuss human resources issues of critical importance to the nonprofit sector.
Our very own, Todd Owens and Michelle Pagano Heck will be leading a workshop.
Todd and Michelle will be discussing The Value of Interim Management: Lessons Learned with areas of focus being:
- HR Strategy Development
- HR Professional Development
- Workplace Culture
Click here for more information.