If you're a nonprofit business owner, you may be wondering what a management letter is. If you're preparing to go through an audit, it's essential to understand what to expect from the management letter. In today's episode, we will be going deeper into what you can expect from an audit and how this letter will summarize the auditors' findings and provide recommendations for improvement.
Information about the management letter provided in this episode:
The auditor's letter is an important document to review. It can help you improve your financial statements and better manage your business. If you receive a management letter from your auditor, be sure to take the time to read it and understand what it says. You may need to make some changes, but you can get back on track and improve your financial situation with the right plan in place. If you still have questions, please reach out to me in my DMs!
Mentioned Resources:
Understanding the Management Letter
CFO's Guide to Significant Deficiencies and Material Weaknesses
If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit!
Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
What's The Cost
Have a Plan
Full Interview: Rachel Miller-Bleich
Rachel's Reccomendations
What to Prioritize: The Agenda
Check The Perfection at The Door
Governance Isn’t Just About the Board
It’s Always Deeper Than it Looks
All Aboard the Governance Train
Full Interview: Amanda Wallander Roberts
Amanda's Reccomendations
Behind The Scenes
Get Back to Basics
Get Data and Keep It Simple
Meet Amanda
All Things I Love: Infrastructure & Systems
Enjoy The 990
Brag On Yourself
Is it Free99
They Can Find You On The Internet
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Social Dallas Podcast
Change Church Podcast
Six Degrees with Kevin Bacon
Nonprofits Are Messy: Lessons in Leadership | Fundraising | Board Development | Communications
The Biz of Nonprofit Consultants