Proper preparation can cut your audit costs

Description

Abstract: Outside financial audits may seem like an extravagance to nonprofits working to contain costs and focus on their mission. But undergoing regular audits allows organizations to identify risks early and act quickly to prevent problems. Independent audits also provide valuable reassurance to donors and other stakeholders that your ship is on course. This article offers some suggestions on how to prepare for an audit properly, which, in turn, can cut costs.