Financial Statement Audit

Independent, Reliable,and Insightful Financial Reporting

At NCheng LLP, we specialize in conducting rigorous, independent financial statement audits that reinforce the credibility and financial integrity of nonprofit organizations. With decades of dedicated service to the nonprofit sector, we recognize the unique regulatory, financial, and operational challenges you encounter. Our audit services extend beyond compliance—they are designed to enhance stakeholder confidence, strengthen financial oversight, and support long-term sustainability.

Why Choose NCheng LLP for Your Audit?

Nonprofit-Specific Expertise

Our auditors possess in-depth knowledge of nonprofit financial reporting standards, including GAAP, Uniform Guidance, and IRS Form 990 compliance. We understand the nuances of nonprofit financial management, ensuring your organization meets regulatory requirements while maintaining operational efficiency.

Risk-Based Audit Approach

We take a targeted approach to auditing by identifying and focusing on key risk areas, ensuring that our process is both efficient and insightful. This allows us to detect financial vulnerabilities while uncovering opportunities for improvement and optimization.

Building Stakeholder Confidence

A clean, well-structured audit is a powerful tool that reassures donors, grantors, board members, and regulators about the integrity of your financial management. It serves as a foundation for securing funding, improving governance, and demonstrating accountability.

Actionable, Customized Insights

Our audit process goes beyond financial verification; we provide valuable recommendations to enhance internal controls, improve financial efficiency, and ensure regulatory compliance. We tailor our guidance to meet the specific needs of your organization.

Our ComprehensiveAudit Process

Planning & Risk Assessment

We begin by gaining a deep understanding of your organization’s operations, programs, and financial structure. We identify key risk areas and design an audit strategy tailored to your unique needs.

Fieldwork & Testing

Our auditors conduct thorough reviews of financial records, transactions, and internal controls. We ensure compliance with nonprofit accounting standards while assessing operational and financial risks.

Financial Statement Preparation

We work closely with your team to ensure that your financial statements are accurate, transparent, and fully compliant with all reporting requirements.

Final Report & Advisory

At the conclusion of the audit, we provide a detailed, independent audit report, along with key insights and recommendations for strengthening your financial management and internal controls.

Compliance & Regulatory Alignment

We ensure your organization remains in full compliance with:

Generally Accepted Accounting Principles (GAAP) – Ensuring accurate and standardized financial reporting.
Uniform Guidance for Federal Grant Recipients – Supporting compliance with federal grant requirements and single audit regulations.
IRS Reporting Requirements (Form 990) – Helping you meet tax-exempt reporting obligations while maintaining transparency.
State & Local Nonprofit Financial Regulations – Ensuring adherence to jurisdiction-specific laws and financial governance requirements.

Strengthen Your Organization’sFinancial Integrity

A financial statement audit is more than just a compliance requirement—it’s an essential tool for growth, transparency, and sustainability. By partnering with NCheng LLP, your nonprofit gains a trusted financial advisor committed to ensuring accountability, enhancing operational efficiency, and reinforcing donor trust.

Contact us today to schedule a consultation with our nonprofit audit specialists and take the next step toward financial excellence!

A Legacy of Excellence

We have been a trusted source for financial guidance for more than 35 years.

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