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Litigation & Forensic Services

Collaborative Family Law

Not-for-Profit Organization Audits

The mission of our Not-for-Profit audit team is to help a broad range of not-for-profit clients fulfill their missions. In meeting this mission, we understand the complex rules and regulations that often apply to not-for-profit organizations. We understand that these rules and regulations are often more onerous and rigorous than of those of the for-profit world, and yet not-for-profit organizations must meet them with fewer available resources.

Our skilled professionals offer expertise to the following types of entities:

  • Charitable entities and social welfare organizations
  • Assisted living facilities
  • Civic and community organizations
  • Cultural organizations
  • Educational and advocacy groups
  • Community and private foundations
  • Healthcare and medical research organizations
  • Housing and neighborhood associations
  • Museums and historic preservation organizations
  • Public housing
  • Professional and fraternal organizations
  • Professional and trade associations
  • Religious organizations
  • Public and private social clubs

Audit Approach

Our approach to audits begins with the development of a well-designed audit plan, which is determined in part through discussion with your financial team. The plan is deadline-oriented and designed to ensure that there are no surprises throughout the engagement. The engagement will include the significant involvement of audit partners and principals, and senior-level managers with many years of professional experience at both the national and local level. We utilize the latest audit-related technology throughout all facets of the audit process to help eliminate any inconsistencies or redundancies that may occur along the way.

An accurate and timely audit engagement can provide your organization with priceless insight, helping you improve your organization strategy, management decisions, and internal controls. It can also provide greater confidence and reliability in your financial reporting by end users of the reporting, which are usually funding sources such as individual donors and grant providers. If your organization is subject to regulatory compliance, such as the Yellow Book and OMB Circular A-133 audit requirements, your audit may also be critical to uninterrupted funding. Our partners and managers have many years of experience conducting audits in accordance with OMB Circular A-133 requirements.

Our not-for-profit audit and assurance services include the following:

  • Audits, reviews and compilations of financial statements
  • Audits performed under Government Auditing Standards (Yellow Book)
  • Audits performed under OMB Circular A-133 (Single Audit)
  • Compliance audits
  • Program-specific audits under OMB Circular A-133
  • Audits performed under the HUD Audit Guide Requirements

Form 990 Services

We also can assist your organization in meeting the current information return reporting requirements administered by the Internal Revenue Service and state authorities. Our tax professionals can assist with preparation of Form 990 and 990-T, as well as initial exempt organization applications. We can also assist with tax planning and minimization of Unrelated Business Income Tax issues.

Requests for Proposals

If your organization is interested in soliciting proposals for audit and related services, think of us as your next audit service provider. You can mail the request for proposal to our offices to the attention of Joe S. Berkovits, Audit Partner, at 900 S. Pine Island Road, Suite 110, Fort Lauderdale, FL 33324, or send your request to us via email: auditproposals@mallahfurman.com. You can be assured that we will respond with a proposal that is timely, cost-effective, and responsive to your needs.