Three Ways Audit Services Benefit Your Non Profit
In many of the most fundamental ways, a nonprofit is run in an entirely different fashion than a for-profit organization, from its hierarchical structure to asset management. However, a lot of the same rules still apply. In many states, the law requires audits, while in others, it's not necessary to conduct an one, but it's not a bad idea to consider it anyway if you plan to apply for government funding or if you wish to maintain a good reputation with the public. Here are a few reasons your not-for-profit might consider obtaining audit services in Dubai . 1. To Abide By State Law Laws vary by state not only in regards to whether or not nonprofit organizations are required to be checked out, but also under which conditions. In most states, not-for-profits are required to submit reports in order to raise funds. Some other reasons why certain states require them include meeting or exceeding a threshold for charitable donations, the total amount of fiscal year revenue, charity