Working with a CPA: FAQs for NFP Organizations

  • Q: What kinds of services could a CPA provide our not-for-profit organization? +

  • Q: There are dozens of CPAs listed in the ICPAS Find a CPA directory. How do I choose one? +

  • Q: If we are a small not-for-profit with a small budget, are we better off looking for a small accounting firm or an individual CPA? Are bigger firms more expensive? +

  • Q: What should I do if I have a problem or concern about a CPA who has been working with our organization? +

Not-for-Profit Audits FAQs

  • Q: We are a small not-for-profit organization and cannot afford an audit. What should we do? Do we have to get an audit every year? +

  • Q: Why don’t firms do audits pro bono? +

  • Q: Can the CPA on our board perform the audit? +

  • Q: How much should our organization pay for an audit? Is it true that we will “get what we pay for”? +

  • Q: How does a CPA decide how much to charge us for our audit? +

  • Q: What are some things we can do as an organization to reduce the cost of our audit? +

  • Q: How do we choose an auditor? +

  • Q: Where can we get referrals for an auditor? +

Not-for-Profit Accounting FAQs

  • Q: Are there accounting standards or Best Practices that not-for-profit organizations must follow? +

  • Q: We are a new not-for-profit organization just beginning to set up our accounting systems. Where should we start? What is the best system for us? +