Financial Systems Consulting for Nonprofits
Impact Audit & Accounting provides specialized consulting services designed to help nonprofit organizations strengthen financial systems, improve compliance, and prepare for audits with confidence.
We Focus on Three Core Areas:
1
Audit Readiness & Remediation
2
Financial Process Improvement
Preparing for an audit can be overwhelming, especially for organizations managing complex grant funding.
Our Audit Readiness Review acts as a mock financial and Uniform Guidance audit, allowing organizations to identify gaps before the formal audit process begins. This review helps ensure your organization is prepared for auditor requests and documentation requirements.
Services may include:
• Review of financial policies and internal controls
• Evaluation of grant compliance documentation
• Assessment of audit-sensitive processes
• Preparation for typical “Prepared By Client” (PBC) requests
• Identification of potential risk areas prior to audit
3
Grant Compliance
Audit Readiness Review
Audit Finding Remediation
Audit findings can create operational challenges and increase compliance risk if not addressed effectively.
We work with organizations after an audit to identify root causes and implement practical solutions that prevent recurring issues.
Services may include:
• Review of prior audit findings
• Identification of system gaps contributing to findings
• Development of corrective action plans
• Implementation of improved internal controls
• Process redesign to prevent future findings
Grant Compliance Review
Managing federal and grant funding requires strict adherence to compliance regulations.
Our Grant Compliance Review helps ensure your organization is meeting key requirements under federal grant guidance and best practices.
This review may include:
• Time and effort reporting processes
• Subrecipient monitoring procedures
• Procurement standards and documentation
• Exclusion list verification processes
• Allowable cost review
• Grant fund tracking and reporting systems
Financial Process Improvement
Many nonprofit finance teams operate under significant resource constraints. Over time, financial processes can become inefficient or difficult to maintain.
We help organizations evaluate existing financial workflows and implement systems that are clear, efficient, and sustainable for small teams.
Services may include:
• Financial workflow evaluation
• Internal control improvement
• Documentation of financial procedures
• Grant tracking and reporting process design
• Finance team process optimization
Not Sure Where to Start?
Every nonprofit faces unique financial challenges.
Impact Audit & Accounting works collaboratively with organizations to identify priority areas and develop practical solutions tailored to their structure, funding sources, and operational needs.
Schedule a consultation to discuss how we can support your organization.