No Jim, financial audits are done quarterly, semi-annual or annual. Non-profit orgs doesn’t need to request financial audits for them—if the donor is complying with IFRS or American Standards, they just need to submit or share the most recent copy of the Audited Financial Statements. If they do not have it, that is a major red flag.
No Jim, financial audits are done quarterly, semi-annual or annual. Non-profit orgs doesn’t need to request financial audits for them—if the donor is complying with IFRS or American Standards, they just need to submit or share the most recent copy of the Audited Financial Statements. If they do not have it, that is a major red flag.