With Tate & Tryon, you will have the benefit of working with a team of professionals who have extensive experience providing audit and assurance services to a wide range of nonprofit organizations as well as their related entities. With each assurance engagement, whether performing an audit, review or agreed upon procedures engagement, our goal is to improve your organization’s financial reporting capabilities.
Our audits go beyond just numbers and compliance to help you better understand your business, strengthen your internal controls, better manage risk and improve procedures that will bring trust and credibility to your organization’s financial picture. This is made possible with a professional staff who combine the essential qualities of strong auditors with the attitudes, personalities, and genuine interest you expect from business advisors.
Experts in Complex Issues:
- Lease transactions
- Accounting for alternative investments
- Endowment accounting (UPMIFA)
- Related party transactions
- Uncertain tax positions
- Interest rate swap agreements
- Split interest agreements
- Tax planning to reduce Unrelated Business Income (UBI)
Audit & Assurance Services
Tate & Tryon’s Audit and Assurance services offer assistance in the following areas:
“Before Tate & Tryon, we were using a local audit firm from outside of the nonprofit, association field. The difference with Tate & Tryon is night and day. In addition to conducting our annual audit, Tate & Tryon has consulted on our transition to accrual accounting, helped implement a new general ledger system, and currently serves as our representative in an arduous IRS audit. We sought a full service, knowledgeable firm that we could count on as a partner. We got that, and more, with Tate & Tryon!”
Marko Vukosavovic, CFO
Academy of Management
“I also want to let you know I really appreciate the approach of your team. They were professional and courteous to all of our staff. I’ve always been impressed with the caliber of staff at Tate & Tryon and you and your team are wonderful representatives of the firm. Thanks for a smooth audit.”
Darda C. Duncan, CPA, CGMA, Director, Finance and Administration
“The Aerospace Industries Association has used Tate & Tryon for the last three years. In selecting Tate & Tryon, we were looking for a well-known firm with the depth and breadth of experience to handle our auditing and tax needs at a reasonable cost. Additionally we were looking for a firm that could easily integrate with our systems to streamline the auditing process. We found that and so much more. The staff are incredibly professional and efficient. Having the same staff on the audit for all three years is also a real plus. Deliverables are always made within the required timeframes. The audit process has become less of a burden to our accounting team so we can focus more on our core business.”
Ginette C. Colot, CFO/Corporate Secretary/Treasurer
Aerospace Industries Association
INSIGHTS & RESOURCES
We’re here, so that you can take care of what matters, while we take care of what counts.
We are Tate & Tryon; CPAs exclusively serving nonprofits worldwide with insights that count.
Audit & Assurance — 08/09/2017
By: Rich Banner, CPA, Partner
On August 3rd, the Financial Accounting Standards Board (FASB) exposed for comment a proposed Accounting Standards Update (ASU) related to accounting for contributions received and made. The comment period will end on November 1, 2017.
The impetus for the FASB to issue the proposed ASU was a diversity in practice amongst not-for-profit […]
Audit & Assurance — 09/26/2016
On August 18, 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. In a seminar held earlier this month, Tate & Tryon audit partners Doug Boedeker and Jeff Quigley provided an overview of the key provisions required by ASU 2016-14 as follows:
Audit & Assurance — 07/27/2012
Change management is not a particularly exciting topic; it lacks the “Gee Whiz” attributes of a major new IT project or an ingenious new program offering. Indeed, many nonprofit executives view the process with as much excitement as planning their own funeral.
However, from an administrative perspective, the lack of transition planning can prove to be […]
This tool contains sample elements that can be used in the creation of a document retention and destruction policy.
A sample self-assessment tool for nonprofit audit committee members to evaluate the effectiveness of the audit committee.
This sample Audit Committee Charter is intended to assist nonprofit audit committees in developing their own organization-specific charter.