Nonprofit Audits

Building Stakeholder Confidence with Independent Assurance

For nonprofit organizations, an audit does more than validate donor and taxpayer dollars. It serves as the foundation for your organization’s future. At Calvetti Ferguson, we believe the most effective audits are built on continuity and trust. We don’t just deliver a report; we focus on becoming a consistent resource that ensures your continued success year after year.

Our philosophy is centered on the unique needs of the nonprofit sector. We recognize that organizations value personal attention and the ability to receive guidance regarding audit and accounting matters exactly when they need it. By prioritizing responsiveness and a deep understanding of your mission, we provide the steady support and insight you need to lead with confidence.

Specialized Assurance & Federal Compliance

We provide a full spectrum of audit and review services designed to meet the standards of the nonprofit sector.

Financial Statement Audits

Delivering the high-level independent assurance required to maintain your organization’s credibility with stakeholders.

• • • Independent Verification: Providing an objective opinion on whether your financial statements fairly represent your organization’s position in accordance with GAAP.
    • Internal Control & Risk Assessment: As a core component of the audit, we evaluate your financial processes and segregation of duties to mitigate risk and improve the management of organizational assets.
    • Donor & Grantor Assurance: Meeting the audit requirements often mandated by large private foundations and institutional donors.
    • Board & Fiduciary Support: Assisting the Audit Committee and Board of Directors in fulfilling their oversight responsibilities with clear, actionable reporting and direct access to our team for guidance.

Financial Statement Reviews

Providing limited assurance for organizations that require a professional evaluation of their financial statements without the scope of a full audit.

• • • Analytical Procedures: Utilizing inquiries and financial analysis to provide a moderate level of assurance that no material modifications are needed for your financial statements.
    • Targeted Oversight: Serving as an appropriate solution for nonprofits with specific bank covenants or bylaws that do not mandate a full-scope audit.
    • Cost-Effective Transparency: Offering a structured look at your financial data to provide confidence to the Board and external stakeholders.

Yellow Book and Single Audits 

Expert oversight for organizations that expend federal awards, ensuring compliance with federal regulatory standards.

• • • Uniform Guidance Compliance: Navigating the complex requirements of 2 CFR Part 200 to ensure your federal funding remains secure and compliant.
    • Internal Control Over Compliance: Testing the specific controls required by the federal government to safeguard taxpayer dollars.
    • SEFA Accuracy: Verifying the Schedule of Expenditures of Federal Awards (SEFA) to ensure all federal grants and pass-through funds are correctly reported.

Optimize Your Audit Readiness

Audit readiness shouldn’t be a source of uncertainty. Our team handles the technical oversight necessary to maintain your standing with regulators, allowing your leadership to stay focused on day-to-day operations.

By maintaining a transparent financial foundation and a responsive point of contact, we help you navigate year-round complexities with ease. This consistent support ensures that your financial reporting remains an asset to your mission and the people you serve.

Contact Our Team