Episode 10

Published on:

1st Dec 2021

Help! My Nonprofit is Going to be Audited!

It’s a difficult but necessary part of conducting business at a nonprofit: it’s the audit! Just as soon as I’ve said the word, you’re starting to get nervous, but in this episode, we’re going to take the nerves out of it and get you prepared for an audit. If you’re prepared, you should be ok. At least that is what our guest talks to us about in this episode. Amy Cooper is a CPA with Clifton Larson Allen and has more than 30 years of experience in audit, accounting, and tax services. She primarily serves nonprofit organizations, condominium/homeowner associations, independent schools, small businesses, and individuals. She is going to help us remain calm and plan ahead.

In this episode, you'll discover

  • Why are audits so stressful for nonprofits? 01:29
  • A walkthrough of the audit process 02:02
  • Are audit requirements the same for every state? 04:12
  • What are some key things to look for in an auditing firm 04:32
  • Should you get a board member with auditing skills? 06:11
  • Who is responsible for the audit process? 07:28
  • When should a nonprofit consider having an audit? 08:05
  • Do certain types of grants require an audit? 08:45
  • One example of a nonprofit making the audit process run smoothly 10:45
  • What are the next steps after an audit? 12:24
  • Should nonprofits make their audit info public? 15:01
  • Steps for how a nonprofit can prepare for an audit 16:00
  • Build a good relationship with your auditor 17:00
  • Coaches corner - "How can I make the prep work for an audit easier for me and my team?" 18:25

This podcast comes to you from IMPACTability™ powered by Soukup Strategic Solutions.

IMPACTability™ is an online coaching program that helps nonprofit leaders maximize their impact. With Impact Coaches, nonprofit leaders can achieve career goals and have a greater impact on the world around them. Impact Coaches will help you address real-world challenges that you experience in your own nonprofit. By focusing on your strengths as a leader, Impact Coaches can help you apply your knowledge and skills to have a greater impact.

Nonprofit Coaching: https://impactability.net (Learn more about IMPACTability™ and how to work with a nonprofit coach).

Soukup Strategic Solutions, Inc. was founded in 2012 by the company’s president, Sheryl Soukup, to provide nonprofit organizations with expertise in fundraising and nonprofit management. The company offers consulting, coaching, and full-service grant writing, marketing, donor database management, strategic planning, and much more.

Nonprofit consulting and outsourcing solutions: https://soukupstrategicsolutions.com/services (Learn more about the services offered by Soukup Strategic Solutions to nonprofit organizations.)

Have a question for Coaches' Corner? Email IMPACTCoaches@IMPACTability.net

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About the Podcast

IMPACTability: The Nonprofit Leaders' Podcast
Each week, we feature an expert in their nonprofit field, discussing topics that range from fundraising and nonprofit management to Board development and marketing.
The show explores the landscape of the nonprofit organization and best practices from nonprofit experts. Get advice on how to solve the problems plaguing your nonprofit with your host Joe Turner of Soukup Strategic Solutions, a full-service nonprofit consulting company helping nonprofits across the country. Each week, we feature an expert in their nonprofit field, discussing topics that range from fundraising and nonprofit management to Board development and marketing.

About your host

Profile picture for Joe Turner

Joe Turner

For more than 20 years, Joe had successfully programmed radio stations in Detroit; Lansing, Michigan; South Bend, Indiana; and southwest Florida. Joe left the day-to-day radio world in 2007 for the nonprofit world when he joined Hodges University as its Director of Public Relations and Alumni Services. In 2021, he joined Soukup Strategic Solutions as the Director of Fundraising, Marketing, and Communications. Joe continues to run his own voice over company where he offers commercial and narration voice over services and has won three Telly awards for his work. He is a native of Detroit where he attended Wayne State University and earned a Bachelor’s degree in Media Arts. In his spare time Joe loves to cook, is a musician and a self-professed “foodie.”