Financial Statement Review & Compilations for Nonprofits
Financial Transparencyfor Mission-Driven Organizations
The regulatory environment for mission-driven organizations and nonprofits requires accurate financial reporting. Our review and compilation services help keep nonprofits within the requirements and help to build trust in stakeholders. This service provides a cheaper alternative to traditional audits and is proactive in supporting your mission while sustaining industry standards.
Reliable Financial ReportingWithout the Cost of an Audit
Financial Statement Review
The objective of a financial statement review is to accommodate your financials to match regulation without a full audit. With detailed reviews of data analytics, our process facilitates correct and accurate financial materials.
- Identifies inconsistencies and potential risks
- Provides limited assurance to donors, funders, and regulatory bodies
- Helps with strategic planning and financial decision-making
- Ensures compliance with GAAP or other reporting frameworks
Key Features of a Financial Statement Review
- Analytical procedures to identify trends and discrepancies
- Review of accounting policies and financial procedures
- Limited assurance for external stakeholders and funders
- Compliance with GAAP or other nonprofit reporting standards
Financial Statement Compilation
A compilation is ideal for organizations that don’t require assurance services but need professional, structured financial statements for management, board reporting, or grant applications.
- Organized, GAAP-compliant financial statements
- No in-depth testing or assurance
- Efficient and cost-effective solution for nonprofits
- Helps with internal decision-making and financial planning
Why Reviews & Compilations Matter for Nonprofits
- Cost-Effective Compliance – A practical alternative to audits, meeting financial reporting needs without excessive costs.
- Stakeholder Confidence – Clear, reliable financial statements foster trust among donors, funders, grant providers, and board members.
- Regulatory & Grant Compliance – Ensures financial transparency while fulfilling reporting obligations.
- Informed Decision-Making – Well-prepared financial statements support strategic planning, budgeting, and resource allocation.
Partner with NCheng for Trusted Financial Reporting
As a leader in the nonprofit financial space, NCheng LLP helps organizations with customized financial reporting. The needs and goals of your organization are unique to your industry and we have experts that have worked across the spectrum of different types of nonprofits. Including reviews, compilations, as well as guidance on best practices, our plans are tailormade with our vast industry expertise.
Need a review or compilation service? Let’s discuss how we can support your organization’s financial reporting needs. Contact us today.
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