Non-Profit Audits in El Paso and the Southwest

Clifford, Ross, Raudenbush & Cooper, LLC offers non-profit audits to organizations in the city of El Paso and surrounding areas. With our independent audits, these organizations are stable and able to achieve what they require. What exactly is the use of non-profit audits? It’s quite simple, actually. First and foremost, these types of audits establish “financial transparency” for nonprofits. Transparency is important for donors to be well aware that everything is running smoothly. Since nonprofits often run on donations, audits allow potential donors to have much needed peace of mind. Choosing to have an independent nonprofit audit done by Clifford, Ross, Raudenbush & Cooper, LLC will provide stability.

The Importance of Audits for El Paso’s Nonprofit Organizations

When it comes to running a successful organization, you need to make sure all your financial details are correct and in order. You can expect us to test the internal control of the organization. This will undoubtedly make future and current donors feel better about donating money to your organization.

In addition to establishing a foundation of reliability, nonprofit audits are also necessary in many situations. Most grant foundations as well as many state regulatory and federal funding agencies tend to require nonprofits to provide audited financial statements in order to receive assistance. An independent audit from Clifford, Ross, Raudenbush & Cooper, LLC will allow your foundation to move forward accordingly.

What do Non-Profit Audits Look For?

In general, Non-Profit Audits may include a review of the following:

• Annual returns for the tax year under audit and for prior and subsequent tax years
• Employment tax returns
• Timely filing of all returns and forms are required by the law
• Determining if all forms and returns are complete and accurate
• Determining if your organization’s activities are consistent with the stated tax-exempt purpose
• If any tax liabilities were properly paid
• Employment taxes
• Unrelated business income tax
• If your organization complied with disclosure requirements for applications for exemptions.