Assurance + Advisory Services

YH Advisors: The Auditor of Choice for Non-Profit Organizations

As a result of the enactment of new state laws and regulations and an increase in grantor requirements for more transparency from exempt organizations, many nonprofits are now required (or at the least it is a best practice) to annually have audited financial statements prepared.

At YH Advisors, we provide a full spectrum of assurance and advisory services to our exempt organization clients. Such value-added services include, but are not limited to:

  • Financial Statement Audits, Reviews and Compilations
  • Special Reports (Agreed Upon Procedures)
  • Strategic Planning
  • Inventory Observations
  • Internal Audit and Control System Reviews

The YH Advisors Difference

YH Advisors is solely focused on nonprofit organizations, accordingly, we are all well versed in addressing all of the different types of issues (accounting, tax, legal and otherwise) confronted by exempt organizations. Possessing an exclusive dedication in the nonprofit sector leaves us best able to offer our assurance and advisory services effectively and efficiently. Additionally, our exclusive focus permits us to offer more than just satisfying statutory or donor requirements, as we can proactively offer guidance as to best practices from an accounting perspective. Our goal is to help our nonprofit clients thrive; by helping to minimize the “headache” and cost of the assurance process and by being proactive and consultative in the provision of our accounting services, we can allow our exempt organization clients to dedicate more time and resources to furthering their exempt purpose activities and mission.

Specifically, in the assurance and advisory area, our audit engagement approach differs from that of most other firms. First and foremost, our expertise in the exempt organization world is quite distinctive, there are few other firms in the United States, if any, that work solely with exempt organizations like we do. Secondly, proactive identification of applicable financial accounting reporting issues is essential in ensuring that a nonprofit’s transactions are timely and properly recorded and tracked. Finally, YH Advisors prides itself in possessing not only the requisite assurance and advisory knowledge, but also an ample amount of “real world” experience and expertise to share with our exempt organization clientele (not just throughout the audit process, but also throughout the entirety of the year).

Why Does Expertise Matter?

From our perspective, the key element in performing a successful audit of an exempt organization is gaining a thorough understanding of an exempt organization’s tax-exempt mission, vision and operations. Comprehending this allows us to further understand the oftentimes complex internal controls systems within an exempt organization. This allows us to adequately plan our testing procedures as well as the offering of insights as to where an organization may gain efficiencies or strengthen their accounting policies.

All of our audits are conducted in accordance with auditing standards generally accepted in the United States and engagements are planned and performed to gain reasonable assurance that the financial statements are free from material misstatements. While each assurance engagement is uniquely tailored to an exempt organization’s specific needs, each engagement will be conducted by the highest quality team possessing a consistently high level of exempt organization sector expertise.

Contact Us for a Free Consultation

For more information on our assurance and advisory services, please contact Stacey Bergman at sbergman@yhadvisors.com or 310.982.2805.