In Atlanta, there are many firms that can provide an audit to your nonprofit organization. After reviewing the promotional materials, websites and related messaging, it may appear they are equally qualified to manage the task. While each may meet the broad technical qualifications to conduct the audit, it doesn’t necessarily mean they are a good fit for your organization’s needs. The truth is that each organization, it’s management and Board of Directors has differing needs which some firms are better suited to manage than others. Although technical competence is certainly a necessity there are other criteria that an organization needs to assess during the proposal review stage. The most obvious is often audit fees, but also the level of experience, time allocation, audit scheduling, structure and more. The truth is the more information that can be collected during the request for proposal (RFP) process, the easier it will be for management to make an informed decision about the best option. Remember, a good auditor will provide more than an audit report, but also share insights and best practices.
When assembling your nonprofit RFP, consider asking questions about the following:
Change can sometimes be a difficult process, but well worth it in the end. The next time your organization prepares an RFP remember these important tips. If you have questions about the information presented above or need assistance with your annual audit, Wilson Lewis can help. For additional information call us at 770-476-1004 or click here to contact us. We look forward to speaking with you soon.
The construction industry appears to be poised for more growth this year. It is expected…
The Tax Cuts and Jobs Act (TCJA) of 2017 introduced significant changes to the U.S.…
The IRS recently issued Notice 2024-73, providing updated guidance for 403(b) retirement plans regarding the…
For years hardship distributions have helped participants deal with unexpected downturns that present serious financial…
The IRS announced yesterday new tax relief measures that extend certain federal tax deadlines until…
Millions of U.S. businesses must now comply with Beneficial Ownership Information (BOI) reporting rules, with…