Audit & Assurance
Nonprofit Audit
Modus helps mission-driven organizations get their nonprofit audit done faster, with less disruption to staff.
Modus helps mission-driven organizations get a nonprofit audit done faster, cleaner, and with far less disruption to their teams. Boards, funders, regulators, and donors all want assurance that the numbers are right and that federal dollars are handled correctly, and Modus brings top-firm rigor and AI-native speed to that process so your audit gets done at the speed of business.
What is a nonprofit audit?
A nonprofit audit is an independent examination of a tax-exempt organization’s financial statements that provides reasonable assurance they are presented fairly. Nonprofit financial statements follow FASB ASC 958, which covers net assets with and without donor restrictions and the statement of functional expenses. With Modus, that audit gets done with source-linked workpapers and a turnaround measured in weeks, not months.
The nonprofit audits Modus helps with
Modus helps you get the full range of nonprofit assurance engagements. That includes the Single Audit required under Uniform Guidance (2 CFR 200) when federal award spending crosses the threshold, and Yellow Book audits conducted under Government Auditing Standards (GAGAS). Modus also helps with audits of foundations and endowments, where investment valuation and UPMIFA spending-policy questions come into play, as well as associations and membership organizations, religious organizations and churches, higher education and private schools, and federal and state grant compliance audits that need program-level assurance.
How Modus helps
Modus makes your nonprofit audit faster and less painful. Its AI-native platform ingests your records, links every conclusion back to source documents, and surfaces issues early, so your finance team faces up to about 50% fewer questions and spends less time on the audit and more time on the mission. You get one consistent methodology and senior attention across every engagement, with a turnaround of roughly four weeks.
Why choose Modus
- Top-firm audit rigor at a middle-market price.
- Roughly a four-week turnaround from a genuinely AI-native process.
- Source-linked workpapers that make review and board reporting straightforward.
- Up to about 50% fewer questions and up to about 40% less compliance time for your team.
- One methodology and one brand across the Modus network of CPA firms.
Frequently asked questions
Does my nonprofit actually need an audit?
It depends on your funders, your state, and your federal award spending. Many grantmakers, lenders, and state charity regulators require an independent audit above a certain revenue level, and a Single Audit is triggered by federal award spending. Modus can help you confirm what applies to your organization.
How long does a nonprofit audit take with Modus?
Most engagements are done in about four weeks. Because the Modus platform automates much of the fieldwork, the process moves faster and asks less of your finance team than a traditional audit.
What is the difference between a Single Audit and a standard financial statement audit?
A standard audit results in an opinion on your financial statements, while a Single Audit adds a compliance component covering your major federal programs under Uniform Guidance. Modus helps you get whichever one applies done efficiently.
Why Modus
Audits at the speed of business
Modus helps you get a faster, higher-quality Nonprofit Audit — top-firm rigor, source-linked workpapers, and far fewer questions for your team.
Ready to talk about your Nonprofit Audit?
Get a fast, fixed-scope proposal from a Modus audit team.