May 2022
Audits can be very stressful, especially for nonprofits. Nonprofit organizations must get audits right to ensure compliance with a variety of local laws and regulations. They must show those who have donated to their cause that they are good stewards of that money. Mistakes in the books and a poor audit can lead to decreased donations down the road, undermining the entire mission of a nonprofit.
While audits are certainly intimidating, you can take steps to decrease that stress. With the proper mindset and good planning, audits do not have to be cause for alarm.
