Experience with Non-Profit Organizations

Upon our founding in 1978, Selden Fox made a serious commitment to serving non-profit organizations. Thus, we have over 20 solid years of experience serving organizations just like yours, and we remain committed to your industry today.

Selden Fox provides professional services to over seventy non-profit organizations. The annual budgets of these organizations range from $1 million to $40 million. Approximately twenty of our audit clients require an audit under Government Auditing Standards ("Yellow Book") or OMB Circular A-133.

We have served numerous non-profit organizations, including trade or business associations, social service agencies, schools and universities and religious organizations, since our inception. Services we provide include:

  • Audits of financial statements in accordance with generally accepted auditing standards
  • Audits of financial statements in accordance with government auditing standards
  • Single audits or grant audits in accordance with OMB Circular A-133, and where applicable, the Audit Guide for Audits of HUD Programs or other federal or state agencies
  • Communications with federal or state agencies
  • Consulting on Board or management matters
  • Consulting as to accounting and financial matters
  • Accounting assistance
  • Internal Auditing
  • Special audits and investigations, including fraud investigations
  • Interpretation of compliance requirements of contracts and grants
  • Internal control and operational review and evaluation
  • Accounting system design or recommendations
  • Audit Committee or Board of Director training and assistance
  • Strategic planning assistance
  • Consulting regarding employee benefit plans
  • Litigation Support
  • Interpretation of tax laws affecting non-profit organizations
  • Preparation of required tax returns

Because our firm has made a significant commitment to the non-profit industry, all of our audit staff and managers are required to fulfill the continuing education requirements of the government auditing standards ("Yellow Book") in order to maintain professional proficiency to perform single audits and/or individual grant audits. In addition, several of our officers and managers have designated the non-profit industry as an area of specialization. These professionals regularly participate in specialized training programs to keep abreast of developments in the non-profit industry. In addition, they are involved in community activities and serve on various non-profit organization boards. Staying involved in the non-profit industry helps us to understand the needs and challenges that management in your industry faces.






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