Risk & Compliance Advisory
Strengthening Nonprofit FinancialIntegrity and Regulatory Compliance
Nonprofits operate in an increasingly complex regulatory environment, where compliance failures can lead to financial penalties, reputational damage, and funding risks. Effective risk management and compliance strategies are essential to safeguard assets, enhance transparency, and maintain donor trust.
At NCheng LLP, we specialize in Risk & Compliance Advisory Services designed exclusively for nonprofit organizations. Our team provides proactive, tailored solutions to help nonprofits navigate regulatory challenges, financial risks, and internal controls, ensuring compliance with grantor, federal, and state regulations.
Why Risk & Compliance AdvisoryMatters for Nonprofits
- Regulatory Compliance – Ensure adherence to IRS, GAAP, OMB Uniform Guidance, HUD, and grantor requirements.
- Fraud Prevention – Strengthen internal controls to mitigate fraud risks and financial mismanagement.
- Board & Leadership Oversight – Enhance governance structures to support strategic decision-making.
- Funding Protection – Maintain compliance with federal and state funding agreements to avoid grant clawback.
- Operational Resilience – Identify and address compliance gaps before they become critical issues.
Our Risk & ComplianceAdvisory Services
At NCheng LLP, we provide comprehensive risk assessments and compliance solutions to strengthen nonprofit financial integrity:
Regulatory Compliance & Risk Management
- IRS & GAAP Compliance – Ensure proper financial reporting, Form 990 disclosures, and accounting practices.
- Grant & Federal Funding Compliance – Adhere to OMB Uniform Guidance, Single Audit requirements, and grantor regulations.
- HUD & Federal Program Compliance – Maintain compliance for affordable housing and community development grants.
Internal Controls & Fraud Prevention
- Financial Controls Assessment – Evaluate segregation of duties, financial reporting accuracy, and oversight policies.
- Fraud Risk Identification – Implement best practices for detecting and preventing financial fraud.
- Process Improvement & Automation – Optimize financial workflows to reduce errors and inefficiencies.
Board Governance & Leadership Support
- Board Training & Compliance Workshops – Equip leadership teams with governance best practices.
- Financial Reporting for Boards & Committees – Develop customized reports for informed decision-making.
- Whistleblower & Ethics Policies – Establish policies that promote transparency and ethical conduct.
Risk Assessments & Audit Readiness
- Pre-Audit Compliance Reviews – Identify potential compliance issues before audits occur.
- Risk-Based Internal Reviews – Conduct targeted risk assessments for financial, operational, and grant compliance.
- Funder & Donor Due Diligence – Ensure financial transparency to strengthen funder relationships and grant applications.
Why Choose NCheng LLP?
- Nonprofit Compliance Experts – Deep experience in nonprofit financial management, risk mitigation, and governance.
- Proactive Risk Management – Identify and resolve compliance gaps before they become costly issues.
- Customized Advisory Solutions – Tailored risk and compliance services based on your organization’s needs.
- Regulatory & Grantor Alignment – Ensure full compliance with IRS, federal, and private funding requirements.
Strengthen Your Organization’s Complianceand Risk Management
A proactive approach to risk and compliance protects your nonprofit’s mission, financial health, and donor trust. At NCheng LLP, we help nonprofits mitigate risks, maintain funding, and uphold governance best practices.
Contact us today to discuss how we can support your nonprofit’s risk management and compliance needs.
Why should you Partner with NCheng LLP’sRisk and Compliance Advisory Services?
We deliver complete assistance that enables organizations to handle their risks and achieve regulatory compliance. Our services outline steps to conduct Risk Assessment that detects various financial and operational threats to compliance systems and governance structures while creating exclusive risk minimization plans. We execute Compliance Reviews to verify federal, state, local, IRS, DOL and grant-specific rule compliance through internal audits which evaluate your policy and procedural standards. We assess the performance of your financial reporting and operations internal controls before proposing changes for control enhancement to minimize operational risks.
The Policy Development and Review services at NCheng assists with establishing new policies and updating existing ones such as conflict of interest policies alongside whistleblower policies and financial management policies that comply with best practice standards and regulations. We implement Fraud Prevention and Detection through risk assessments and necessary investigations. Our team assists organizations in protecting and focusing on their mission.
A Legacy of Excellence
We have been a trusted source for financial guidance for more than 35 years.
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