At ESPG we feel that our role as accountants and advisors for not-for-profit organizations and charities is to assist the Board of Directors in discharging their responsibilities.
Board members of not-for-profit organizations must act in good faith and in the best interest of the organization; they can be held personally liable for the misuse or misappropriation of the organization’s funds. With financial reporting standards for not-for-profit organizations becoming increasingly complex, we assist boards by bringing clarity and conciseness to the financial reporting process.
In this sector limited resources are usually a fact of life as the first priority is to deliver services to the clients of the organization. It is important therefore to control all costs, especially those not related to service delivery. At ESPG we work with our clients in an advisory capacity to ensure that the auditing engagement is well planned, enabling them to keep accounting fees to a minimum.
We offer the following core accounting services to not-for-profit organizations and charities:
- Financial statement presentation & interpretation
- Planning for charitable organizations & foundations
- Charity Registrations and Information Returns
- Not-for-Profit Organization Information Returns
- GST compliance and planning
- Internal control and system reviews
- Business consulting and advisory services
Our clients in the not-for-profit sector are a diverse group. We assist boards and management to see the business of their organization more clearly, attending meetings in order to explain financial results and demonstrating how costs can be kept to a minimum.