John Waddell and Company has been providing accounting, auditing, consulting, and tax services to non-profit service organizations for over 50 years. Our Directors have all served on various local non-profit Boards, furthering our commitment and experience to this industry and to our local community. We are a constant resource to you and your staff and take the time to assist you with understanding and interpreting accounting and compliance requirements. We understand our responsibility to provide service to our clients throughout the year. We have a long record of exceeding our client's expectations with our personal attention and expertise.
We serve nonprofits of all types and sizes, including organizations exempt under 501(c)(1), (3), (4), (5), (6) and (9).
We plan and execute our audits in a way that maximizes audit efficiency and provides you the highest quality services. With our experienced audit Director and staff performing all the audit functions, your organization will experience minimal disruptions and won’t be forced to train new audit staff year after year.
Our dedicated team of auditors possess the specialized knowledge and experience to help ensure compliance with the appropriate standards and changes in regulations that may impact your organization’s audit. Our extensive background allows us to bring you an audit which goes beyond the minimum statutory requirements. Our depth of experience in the industry mean that we bring creative and practical solutions to assist you in meeting the challenges that you face in your day-to-day operations and recommendations tailored to your unique needs. We look at non-profits as small businesses; we provide practical advice for accounting, operations, tax planning, and fund development.
Our services include:
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Financial Audits under Generally Accepted Auditing Standards
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Financial Audits under Government Auditing Standards
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Compliance Audits under OMB Circular A-133
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990 and 990T Tax return preparation
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Executive search services
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Other Consulting Services Related to Non-Profit Organizations
We stand ready to advise and assist you with a variety of topics including:
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Fair value accounting (FAS 157)
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Accounting for alternative investments (FAS 133)
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Split interest agreements
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Endowment spending policies
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Endowment disclosures under UPMIFA / FSP 117-1
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Complying with state registration requirements
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Audit committees
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Tax planning for unrelated business income
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Reporting of lobbying activities
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Evaluating the pros and cons of 501h elections
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Functional expense reporting
Our audit team stays current in this highly technical practice area by adhering to the continuing professional education requirements of Government Auditing Standards and attending various continuing education programs including the annual AICPA National Governmental Accounting and Auditing Update Conference, the AICPA National Not-for-Profit Industry Conference, the Governmental Audit Quality Center Annual Webcast Update and other relevant seminars and by reviewing monthly publications. Our Audit Practice Leader, Debbie McCardle-Ask, also serves on the California Society of CPA’s Peer Review Committee.
John Waddell and Company is a member of the American Institute of CPAs Government Audit Quality Center. We are committed to adhering to the highest quality standards by voluntarily agreeing to the Center membership requirements, which include designating a partner responsible for the quality of our non-profit audit practice, establishing quality control programs, performing annual internal inspection procedures, and making our peer review report findings publicly available.
For more information about audit quality, visit the Governmental Audit Quality Center at http://www.aicpa.org/GAQC.
