Audited financial statements – First impressions

Description

Abstract: To impress potential lenders and funders, it’s important for a nonprofit organization to show that it measures its financial health with care and frequency. Presenting timely audited financial statements upfront can make the difference between being turned down for a loan and getting one. It’s essential, though, to understand the different roles of the auditor and the board, and to be knowledgeable about different financial statement formats.