Non-Profit Auditors and Requirements in Texas

man holding a magnifying glass over the word auditNon-profit auditors aim to determine if a non-profit organization or charitable organization is in compliance with the law.  Non-profits must follow both state and federal rules. Especially when it comes to the usage of contributions. The types of records a non-profit has to keep are also important. Complying with accounting requirements and being prepared for an audit is essential. Clifford, Ross, Raudenbush & Cooper, LLC can provide the assistance that non-profits in the El Paso area. If you need to ensure that you are complying with their accounting requirements, we’ll help.

Understanding Non-Profit Requirements

Non-profits are subject to strict rules in order to maintain their non-profit status. In the state of Texas, there is no state law requiring a mandatory independent audit of non-profits. However, Texas Business & Organization Code indicates that if a charity accepts contributions of $10,000 or more each year, it must maintain accurate records in accordance with generally accepted accounting principles. Based on the records, you must produce a financial report in compliance with AICPA standards. Releasing this to the public is also required. 

Getting Help from Non-Profit Auditorsnon-profit auditor looking at the fine print with a magnifying glass

It is imperative that your charitable organization follow all the best accounting practices. This way, you can be certain that you can document that you have followed the rules. It is often best to get outside help with your accounting needs. In turn, you will not take a chance on losing nonprofit status or on facing any type of legal penalties.  

With this in mind, Clifford, Ross, Raudenbush & Cooper, LLC provides knowledgeable assistance. If your charitable organizations is looking for non-profit auditors, we can help. Getting the assistance necessary from an auditor is a great idea. When you want to protect your organization by ensuring that you are in full compliance with all rules regarding record keeping and money management, give us a call. Contact Clifford, Ross, Raudenbush & Cooper, LLC, today.