In our role as business advisor to hundreds of nonprofit organizations since 2000, we have found that one of the most common and difficult challenges for any nonprofit is in the finance area. Knowing these specific challenges and best practices of small nonprofits in the Puget Sound area allows us to be a trusted resource. Whether a nonprofit's needs are compliance, tax, consulting or education related, we are here to help.
We have extensive experience with a wide array of nonprofit organizations, including schools, arts, environmental, social services, associations, health care, foundations and religious organizations. All of our staff are experienced, and we handle all engagements using a cross-functional team. This gives all staff a depth and breadth of knowledge, which creates efficiencies and allows for a more thorough service to be provided.
We have extensive experience with a wide array of nonprofit organizations, including schools, arts, environmental, social services, associations, health care, foundations and religious organizations. All of our staff are experienced, and we handle all engagements using a cross-functional team. This gives all staff a depth and breadth of knowledge, which creates efficiencies and allows for a more thorough service to be provided.
Services
We are a small firm of professionals with the experience and training to provide a host of accounting-related services to our nonprofit clients.
Jones & Associates PLLC, CPAs is an independent CPA group and an operational resource committed exclusively to helping Puget Sound Not-for-Profit Organizations.
We see the need for nonprofit organizations to have a finance partner that understands the general and specific challenges of being a nonprofit today poses.
That is why we have dedicated ourselves to serving only smaller nonprofits - those generally under $5 million in revenue - in the Puget Sound region.
Jones & Associates PLLC, CPAs is an independent CPA group and an operational resource committed exclusively to helping Puget Sound Not-for-Profit Organizations.
We see the need for nonprofit organizations to have a finance partner that understands the general and specific challenges of being a nonprofit today poses.
That is why we have dedicated ourselves to serving only smaller nonprofits - those generally under $5 million in revenue - in the Puget Sound region.
While the mechanics of performing compliance services, such as audits, reviews and compilations can be found in many textbooks, it takes professionals with years of experience and depth in the nonprofit industry to understand the individuality of financial data to each nonprofit organization.
The changing nature of funding sources and competition with private enterprise have contributed to the growing complexities faced by exempt organizations.
Many years ago, we recognized the need to specialize in this important area of practice.
The changing nature of funding sources and competition with private enterprise have contributed to the growing complexities faced by exempt organizations.
Many years ago, we recognized the need to specialize in this important area of practice.
An audit is generally performed when required by a funder or when the organization wishes to have the highest possible trust in the financial picture and the functionality of the internal control systems in place at an organization.
Audits are the most comprehensive service we offer.
In an audit, the auditor must obtain corroborating evidence to support the amounts and disclosures included in the financial statements through inquiry, physical inspection, observation, third-party confirmation, examination, analytical and other procedures.
Audits are the most comprehensive service we offer.
In an audit, the auditor must obtain corroborating evidence to support the amounts and disclosures included in the financial statements through inquiry, physical inspection, observation, third-party confirmation, examination, analytical and other procedures.
A review is generally performed when an organization wants moderate comfort over the financial data and does not require feedback regarding internal controls.
The procedures applied during a review are much less in scope than that of an audit.
Instead, the CPA designs and performs analytical procedures, inquiries and other procedures, as appropriate, based on the CPA's understanding of the industry, knowledge of the organization and awareness of inherent risk.
Unlike an audit, the CPA does not obtain and understand the organization's internal controls nor assess fraud risk.
The procedures applied during a review are much less in scope than that of an audit.
Instead, the CPA designs and performs analytical procedures, inquiries and other procedures, as appropriate, based on the CPA's understanding of the industry, knowledge of the organization and awareness of inherent risk.
Unlike an audit, the CPA does not obtain and understand the organization's internal controls nor assess fraud risk.
Compilations are generally requested when a client desires financial statements be prepared in a standard format but has no need for outside review of the financial information or assurance over the internal controls.
A compilation differs significantly from a review or an audit of financial statements.
A compilation does not include any inquiries, analytical procedures, or other procedures performed in a review.
Additionally, a compilation does not include obtaining an understanding of the entity's internal controls; assessing fraud risk; testing of accounting records; or other procedures ordinarily performed in an audit.
A compilation differs significantly from a review or an audit of financial statements.
A compilation does not include any inquiries, analytical procedures, or other procedures performed in a review.
Additionally, a compilation does not include obtaining an understanding of the entity's internal controls; assessing fraud risk; testing of accounting records; or other procedures ordinarily performed in an audit.
Reviews
Be the first to review Jones, Judy C CPA.
Write a Review
