Audit Preparedness: An Ounce of Prevention is Worth a Pound of Cure

Audit Preparedness: An Ounce of Prevention is Worth a Pound of Cure

finance September 9, 2015 By: Craig Stevens

Your association's financial audit can be a complicated process, but it will go much more smoothly and quickly if you prepare well through ongoing best practices throughout the year, rather than scrambling to get your financial house in order at year-end. Here are guidelines you can follow to be better prepared.

Associations and nonprofits frequently ask their financial audit firms, "When will the audit be completed?" This is typically followed by the response, "When will you be ready for us to do the audit?"...