5 Best Practices for Charity’s Audited Financial Statements What needs more disclosure

For charities CFOs, how to improve the quality of your audited financial statements to meet Canadians high expectations on disclosure. Here’s our presentation to BDO’s Nonprofit Conference in November 2022. We discuss current trends, the information gaps that audited financial statements need to bridge, and our 5 Best Practices. This is primarily for large charities with over $1 million in total revenues, but we see small charities excel at best practices. Your audited financial statements are not just a compliance requirement, but an opportunity to communicate with your donors, funders and members. Move beyond platitudes and let your charity’s commitment to transparency and accountability shine.