Help! My Nonprofit is Going to be Audited!

It’s a difficult but necessary part of conducting business at a nonprofit: it’s the audit! Just as soon as I’ve said the word, you’re starting to get nervous, but in this episode, we’re going to take the nerves out of it and get you prepared for an audit. If you’re prepared, you should be ok. At least that is what our guest talks to us about in this episode. Amy Cooper is a CPA with Clifton Larson Allen and has more than 30 years of experience in audit, accounting, and tax services. She primarily serves nonprofit organizations, condominium/homeowner associations, independent schools, small businesses, and individuals. She is going to help us remain calm and plan ahead. In this episode, you'll discoverWhy are audits so stressful for nonprofits? 01:29A walkthrough of the audit process 02:02Are audit requirements the same for every state? 04:12What are some key things to look for in an auditing firm 04:32Should you get a board member with auditing skills? 06:11Who is responsible for the audit process? 07:28When should a nonprofit consider having an audit? 08:05Do certain types of grants require an audit? 08:45One example of a nonprofit making the audit process run smoothly 10:45What are the next steps after an audit? 12:24Should nonprofits make their audit info public? 15:01Steps for how a nonprofit can prepare for an audit 16:00Build a good relationship with your auditor 17:00Coaches corner - "How can I make the prep work for an audit easier for me and my team?" 18:25This podcast comes to you from IMPACTability™ powered by Soukup Strategic Solutions.IMPACTability™ is an online coaching program that helps nonprofit leaders maximize their impact. With Impact Coaches, nonprofit leaders can achieve career goals and have a greater impact on the world around them. Impact Coaches will help you address real-world challenges that you experience in your own nonprofit. By focusing on your strengths as a leader, Impact Coaches can help you apply your knowledge and skills to have a greater impact.Nonprofit Coaching: https://impactability.net (Learn more about IMPACTability™ and how to work with a nonprofit coach).Soukup Strategic Solutions, Inc. was founded in 2012 by the company’s president, Sheryl Soukup, to provide nonprofit organizations with expertise in fundraising and nonprofit management. The company offers consulting, coaching, and full-service grant writing, marketing, donor database management, strategic planning, and much more.Nonprofit consulting and outsourcing solutions: https://soukupstrategicsolutions.com/services (Learn more about the services offered by Soukup Strategic Solutions to nonprofit organizations.)Have a question for Coaches' Corner? Email IMPACTCoaches@IMPACTability.netVisit our websites at:https://soukupstrategicsolutions.com/ (www.SoukupStrategic Solutions.com)https://impactability.net/ (https://impactability.net/)Follow us on Social...