Going concern assessment tool for not-for-profit organizations

Many not-for-profit (NFP) organizations have experienced significant declines in revenues due to program closures and decreased contributions, which presents significant financial challenges in financial reporting. In our prior article, we discussed the step-by-step process that not-for-profit management teams should follow to evaluate whether there are conditions or events that raise substantial doubt about the company’s ability to continue as a going concern.

Baker Tilly’s going concern template is designed to help NFP organizations assist in the documentation of their assessment.

For more information on this topic or to learn how Baker Tilly specialists can help, contact our team.