Not-for-profit organizations (NPOs) must meet rigorous standards when it comes to reporting their financials. These standards are set out in Part III of the CICA Handbook Accounting Standards for not-for-profit organizations.

Because NPOs (including registered charities) need to be accountable to their Boards of Directors and other stakeholders, they are typically mandated to provide audited financial statements on a regular basis. Due to their nature, NPOs typically have limited budgets and resources with which to do this.

At Fruitman Kates, we will work with your NPO in order to help you meet your reporting requirements. Our team of professionals are well versed in the specific legislation and accounting standards that you must meet as a not-for-profit.