What We All Need to Know About Nonprofit Audited Financials

Block D: Tuesday, March 15 | 11:15 a.m. – 12:30 p.m.

Learning Track: Compliance  |  Level: Intermediate

  • Thomas Blaney, Partner, Director of Foundation Services, PKF O’Connor Davies
  • Christopher Petermann, Partner, PKF O’Connor Davies

Many funders require audited financial statements as a part of a nonprofit’s grant application; however, staff often do not have the skills to review the reports. In this session, we will discuss how to dissect, interpret, and understand the audited financial statements of the organizations you fund. Participants will learn what to look for when reviewing the audited financials, telltale signs that the organization needs more than just your funding support, what to do when you find something out of the ordinary, why this review is important, and why it’s becoming a responsibility of grants managers.

Session participants will:

  • Better understand how to assess the financial health of grantseeking organizations by learning to dissect, interpret, and understand audited financial statements.
  • Learn how to recognize if an organization needs more than funding support and the telltale signs you should look for when reading and interpreting financial reports.