Oct 13 2014

Clergy Housing Allowance

Aug 25 2014

Accountable Reimbursement Plans

Aug 25 2014

Reviews

Aug 25 2014

Compilations

Aug 25 2014

Segregation of Duties (Solutions)

Aug 25 2014

Segregation of Duties

Aug 25 2014

An Audit Explained

Aug 25 2014

The Auditors Are Here!

Jul 21 2014

A Passion to Serve

May 26 2014

The Big 3 Accounting Services--Part Two: Reviews

Written by Cynthia A. Cox, CPA

 

The second of the three major types of assurance services that you might encounter in the world of church and non-profit organizations is called a review. My previous blog was about compilations, the most basic service provided by a CPA firm. Which of these would benefit your organization most? The answer depends primarily on expectations by granting agencies or creditors, the volume of your financial activity or the complexity of your organization itself. Each engagement requires a different amount of work by the accounting firm. Fees for reviews will be higher than for a compilation because of the increased time that a review takes over the compiled financial statements.

Read more: The Big 3 Accounting Services--Part Two: Reviews