Nonprofit Financial Statement Compilation

There are instances when an audit and a review might be too costly for some nonprofits or where they maybe not be required. In such cases, a compilation might be an option. Unlike an audit or review, where we express an opinion and determine if you are in compliance with General Accepted Auditing Standards (GAAS), a compilation simply requires us to compile your financial statements in accordance with the applicable financial reporting framework.

How Financial Compilations Can Be Useful

  • Lenders might ask to see your financial statements before a loan to your nonprofit organization can be finalized. Having professionally compiled financial statements can be easily reviewed by lenders and facilitate your loan application.
  • Accurate and understandable financial statements give your nonprofit a solid foundation or an important yardstick upon which it can use to measure and assess the financial position of your nonprofit.
  • Compilations are even cheaper than reviews, putting them within the reach of very small nonprofits.

What to expect

Our compilation service helps your nonprofit organization in the presentation of its financial statements. It is worth noting that financial statement compilation does not involve inquiries, analytical procedures, financial reviews nor any understanding of your nonprofit’s internal controls. As such, we do not obtain any assurance for the purposes of expressing an audit opinion or a review conclusion.
On completion of the compilation of your financial statements, we issue a compilation report documenting the work we have done for your nonprofit organization and a report of any significant issues we noted during the compilation of your financial statements.

We help Nonprofit Organizations Maintain the Highest Accounting Standards.

Every day, we help drive nonprofits like yours forward.
Let us know how we can help you.
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