In today’s changing and challenging economy, not-for-profit organizations need trusted advisors who know the industry and understand their needs. SMART ensures that our tax-exempt clients are confident that they are receiving the highest quality audit, tax and advisory services from experienced professionals with specific technical expertise. The accounting and financial reporting standards, including for the IRS, significantly differ from the commercial and governmental sectors. The requirements are complex, varied and voluminous, but we help our clients understand and implement the standards and controls to ensure that they report accurate and transparent information to their funders and the general public.

Audits of not-for-profit financial statements are performed in accordance with professional standards of the American Institute of Certified Public Accountants, and frequently Government Auditing Standards, issued by the Comptroller General of the United States. To the extent allowable within the independence restrictions, we assist our clients to prepare their GAAP financial statements through training and technical guidance.

All SMART audits of financial statements are subject to internal quality control procedures including reviews by independent qualified professionals.