Annual audit prep are a strategic tool that Nonprofit accounting services Calgary use Annual audits to plan, secure funding, and demonstrate accountability to their stakeholders. While most nonprofits are required to submit audited financial statements, a well-managed audit helps your leadership team do so much more. This includes:
At Crescendo we help streamline business processes for you such as invoicing, payments, and expenses. Our aim is to help non-profits improve efficiencies with easy access to financial documents. We can equip your organization with the right tools that help be more organized and ready well in advance of an annual audit.
There are a few measures you can put in place before undertaking an audit. First, schedule quarterly internal audits to ensure documentation is ready year-round. Then, take the time to create a pre-audit checklist to guide your regular reviews to help keep things running smoothly. Donors and the public expect accountability. A smooth audit and solid financial practices like these show that your organization is trustworthy, transparent, and deserving of support.
Here are a few more tips for non-profits can do to get ready for audits ahead of time
This can include:
These types of internal practices reduce audit risks and increase trust:
Using cloud-based platforms like QuickBooks, Xero, and Wagepoint can ensure financial data is always current and accessible. With real-time reporting and automation, you can:
At Crescendo Accounting we can assist with audit preparation based on our accounting and audit expertise. We don’t just show up at year-end; we’re with you throughout the year with board-ready financial statements. When your financials are in order, your team can focus on what really matters – that is, delivering impact in the community.
At Crescendo Accounting we can assist with audit preparation based on our Nonprofit accounting services Calgary and audit expertise. We don’t just show up at year-end; we’re with you throughout the year with board-ready financial statements. When your financials are in order, your team can focus on what really matters – that is, delivering impact in the community.
What non-profits find very helpful is how we help to identify financial gaps and opportunities. This enables organizations to plan with confidence, apply for grants with supporting data, and make informed decisions that directly align with their mission and budget constraints. By maintaining audit-ready records throughout the year, your audit is efficiently ready and cost effective, so you don’t have to spend time gathering information at the last minute. We can manage the entire audit process by coordinating with auditors and answering queries on your behalf.
Gary Doran (CEO) at Crescendo bring decades of audit-related experience to ensure organized and timely communications during audits. His team can provide expert guidance for your business’ digital transformation with the right tools to automate reconciliations and reporting.
Organizations in Calgary trust us because we combine tax compliance, technology adoption, and strategic planning for stress-free audits. “We succeed when you succeed” is our motto. This makes us a proactive partner for your audit readiness.
