Download Our Nonprofit Audit Policy Template
What is a Nonprofit Audit Policy?
A nonprofit audit policy lays out a structured process for conducting both internal and external financial audits. The policy helps ensure organizations’ adherence to laws and regulations, enhance the reliability of financial reports, and promote good governance and risk management.
This document serves as a roadmap for nonprofits to effectively manage audits and bolster their governance structure. It’s an indispensable tool for maintaining financial integrity and accountability within an organization.
Use This Accounting Template To…
- Determine the specifics of internal and external audits for your nonprofit, including frequency, conduct, and reporting of results.
- Develop a selection process for external auditors and solidify the responsibilities of your internal audit team.
- Detail how findings from audits should be reviewed, investigated, and used to implement changes under your board’s oversight.
- Outline confidentiality, recordkeeping, and regular policy review protocols to ensure your organization continuously manages its audits well.
Talk to an expert
For bookkeeping and accounting support beyond these templates, get in touch with the Jitasa team.
Request a QuoteAdditional Resources
If you’re interested in investing in a trained accountant to help your nonprofit ensure transparency and accountability in finances, conduct your research. Here are some additional resources you can look into for more guidance:
Working With a Nonprofit Accountant: What to Expect
Working with an accountant can help your organization develop an effective budget. Read more about what an accountant can do for you in this comprehensive article.
What to ExpectBookkeeping and Accounting for Nonprofits
Looking to hire or outsource a finance team? Learn more about both bookkeeping and accounting for nonprofits, specifically about the difference between them.
Jitasa’s ServicesTop 10+ Outsourced Nonprofit Accounting Firms
Working with an accountant specifically dedicated to nonprofits is important for developing a well-informed nonprofit budget. Learn more about Fundly’s top ten picks for outsourced firms.
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