Financial Audits for Small Nonprofits By: Kellie Brungard, GPC
Assel Grant Services
MAY 6, 2024
Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. Here are the circumstances that may trigger an audit requirement: Federal, state, and local government contracts may require an audit as part of the nonprofit’s contract for funding.
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