Nonprofit Audits
Specialised support for not-for-profit engagements, where reporting nuances make experience matter.
Not-for-profit audits carry reporting requirements that general audit staff often miss — net asset classification, functional expense allocation, contribution and grant revenue recognition, and donor-restriction tracking. Our team handles these day in and day out.
We support both financial statement audits of nonprofits and the compliance layers that frequently accompany them, coordinating with your engagement team on Yellow Book and Single Audit considerations where applicable.
Standards & Frameworks
AICPA (GAAS)GASB / FASB NFPGovernment Auditing Standards (Yellow Book)
What our team handles
Net asset classification & roll-forwards
Functional expense allocation testing
Contribution & grant revenue recognition
Donor-restriction & endowment testing
Statement of functional expenses
Yellow Book / Single Audit coordination
Focus on what's important
Ready to take the next step? Contact us today to learn how VSCPA can help your firm grow with reliable outsourced accounting.