Program Specific Audit for Nonprofits
Ensuring Compliance, Accountability,and Financial Integrity
Securing government or private funding for nonprofits depends on whether or not a nonprofit is correctly adhering to regulations. Our team of financial experts specializes in program-specific audits to nonprofits, government entities and grant recipients. Our program-specific audits are through and compliant with insights that will help meet funder expectations.
FAQs About Program Specific-Audits
What Are Program-Specific Audits?
Specific to a particular government funded program, a program-specific audit works to facilitate:
- Compliance with funding requirements
- Correct usage of restricted funds
- Adherence to applicable laws and regulations
- Transparent, accurate reporting to funders and stakeholders
Often times there are multiple programs managed within one nonprofit organization. We provide services to match the requirements and conditions of each unique program so that you will always be within regulations and fully funded with strong relationships.
Who Needs a Program-Specific Audit?
Organizations receiving $750,000 or more in federal program expenditures are generally required to undergo a program-specific audit, per the Uniform Guidance (2 CFR Part 200, Subpart F).
Additionally, nonprofits and entities receiving private foundation grants often require independent audits to verify compliance with donor-imposed conditions.
Why Do Program-Specific Audits Matter?
Avoiding mistakes in financial reporting for specific programs will help prevent penalties, damage to reputation or funding loss. Program-specific audits we perform protect:
- Funder Compliance - Aligning with contract and grant requirements
- Financial Accountability - Monitoring usage of funds for compliance
- Transparency - Providing clear, accurate financial and operational reporting
- Impact Assessment - Evaluating program effectiveness and resource utilization
What Is NCheng's Approach to Program-Specific Audits?
- Regulatory Compliance Review
- Financial Statement Testing
- Internal Control Evaluation
- Expenditure Testing & Fund Utilization
- Performance & Impact Analysis
- Detailed Reporting & Strategic Recommendations
Why Choose NCheng LLP?
With decades of experience in nonprofit and government audits, NCheng LLP brings:
- Deep expertise in grant management and regulatory compliance
- Tailored audit solutions to meet diverse funding sources and programs
- A proactive approach to risk mitigation, identifying compliance risks before they escalate
- Commitment to transparency and accuracy, ensuring funder confidence and financial integrity
Ensure Compliance & Financial Integrity
Our core focus in creating reliable audits with expert insights to optimize your performance. NCheng LLP has experience making adjustments to get your financial situation fully compliance and give you confidence.
Contact us today to discuss your audit needs.
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