Providing Advice to NPOs and the Unique Challenges They Face
Not-for-profit organizations (NPOs), including registered charities, are subject to their own set of accounting guidelines and reporting requirements. For annual financial statements relating to fiscal years beginning on or after January 1, 2012, NPOs are required to comply with Part III of the CICA Handbook Accounting Standards for Not-for-Profit Organizations or International Financial Reporting Standards.
NPOs face a unique challenge as they are required to meet stringent reporting requirements with a limited budget. Since NPOs are accountable to their stakeholders they are often required to produce audited financial statements.
Our not-for-profit team is well-versed in accounting standards for not-for-profit organizations. Our services for NPOs include audited financial statements and charity returns, when applicable. However, our involvement with NPOs is not limited to our professional services. Kraft Berger supports many not-for-profit organizations through donations, volunteer activities and board memberships. For more information on our firm’s involvement in the community, see our Community Work
Contact one of our Not-for-Profit Organizations industry experts
