Nonprofit Audit Services Tailored to Your Mission
At Torino Accounting Group, we offer nonprofit audit services to help your Somerset County, NJ nonprofit ensure compliance, enhance transparency, and fulfill your mission. Whether you need a full Single Audit due to federal grants exceeding $750,000 or a simpler financial audit to provide accountability to donors and stakeholders, we’re here to make the nonprofit audit process seamless and efficient.
Do You Need an Audit?
Federal Grants Over $750,000:
If your organization expends $750,000 or more in federal funds in a fiscal year, you are required to undergo a Single Audit (formerly known as an A-133 audit). This specialized nonprofit audit ensures compliance with federal regulations and the proper use of funds.
Grant or Donor Requirements:
Many private grantors and large donors require an independent audit as part of their funding conditions.
State Requirements:
Certain states mandate audits based on revenue thresholds or nonprofit activities.
Voluntary Audits:
Even if not required, a nonprofit audit can provide an extra layer of transparency, build trust with stakeholders, and help identify opportunities for improvement in your Somerset County, NJ nonprofit.
What Makes Us Different?
At Torino Accounting Group, we bring extensive experience in nonprofit audits and financial reporting, combining deep knowledge of compliance requirements with cutting-edge audit tools. Our approach is designed to minimize disruption, provide actionable insights, and add value beyond compliance. Here’s what sets us apart:
Specialized Expertise:
Our team understands the unique financial reporting needs of Somerset County, NJ nonprofits, including fund accounting, grant compliance, and restricted net assets.
Best-in-Class Audit Software:
We utilize advanced audit technology to deliver highly efficient and effective audits, saving you time and resources while maintaining accuracy.
Tailored Approach:
We customize our audit process to fit your Somerset County, NJ organization’s size, structure, and mission, ensuring your specific goals are addressed.
Let Us Help:
Ready to come in for an appointment?
Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!