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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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