New Rules for Non-Profits

The new audit standards

Risk-based audits that use statistical models are now required. Many CPAs are new to statistical analysis, but Barnowski & Associates CPA's have been using statistical sampling methods for over twenty-five years. What are the advantages of risk-based sampling for your organization?

• More efficient sampling after initial set up
• More exact, better at finding irregularities

Do you need an audit?

Your organization may be required to have an annual audit if it

• Receives government funding
• Has revenues over $500,000
• Falls under Michigan Charitable Trust audit requirements

Services we offer

• Risk-based audits, reviews, or compilation financial statements
• Charitable Trust Registration regulatory compliance
• License to Solicit Funds regulatory compliance
• 990 tax returns
• General Ledger consulting and set-up

We're here to help

Please contact Barnowski & Associates with any questions about non-profits.

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