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CPA and outsourced accounting services for Catholic organizations.

Financial statement audits, reviews, compilations, outsourced accounting, Form 990 alignment, and readiness support for Catholic churches, parishes, ministries, charities, religious orders, and Catholic nonprofit organizations.

Choosing the right level of service

Catholic organizations often know they need a CPA report, but may not know whether the requirement calls for an audit, review, or compilation. The right engagement depends on the user of the financial statements, the level of assurance requested, and the requirements from a diocese, lender, grantor, state agency, board, or finance council.

Engagement

What it provides

Common Catholic institution use case

Audit

Highest level of assurance; audit opinion on financial statements.

Diocesan requirement, lender requirement, grantor requirement, board request, large Catholic nonprofit reporting.

Review

Limited assurance based primarily on inquiry and analytical procedures.

Mid-sized Catholic nonprofit, Catholic organization, parish, or ministry needing CPA assurance without a full audit.

Compilation

Financial statements prepared or presented by a CPA without assurance.

Smaller Catholic organizations needing CPA-prepared financials for internal use, banks, boards, or stewardship reporting.

Outsourced Accounting

Recurring accounting support without an assurance report.

Month-end close, reconciliations, restricted fund schedules, finance council reporting, and year-end readiness.

Financial statement audit services

A financial statement audit for a Catholic organization typically includes planning, risk assessment, walkthroughs, internal control understanding, substantive testing, analytical procedures, financial statement preparation or review, note disclosures, and issuance of the independent auditor’s report.

Common audit areas include cash receipts, offertory and donations, restricted contributions, grants, program service revenue, payroll, accounts payable, credit cards, ministry funds, investments, debt, property and equipment, related parties, commitments, and subsequent events.

Review engagements for Catholic nonprofits

A review engagement may be appropriate when the organization needs limited assurance rather than an audit. Reviews are often used by smaller Catholic nonprofits, ministries, and Catholic organizations when a bank, donor, board, or oversight body wants CPA involvement but does not require a full audit.

Compilation engagements for Catholic organizations

A compilation can be useful for Catholic organizations with clean bookkeeping that need formal financial statements. This may include a balance sheet, statement of activities or income statement, statement of cash flows, statement of functional expenses where applicable, and related notes.

Outsourced accounting for Catholic organizations

Outsourced accounting support helps Catholic organizations keep records clean throughout the year. Services can include month-end close, account reconciliations, restricted fund tracking, finance council reporting, and year-end preparation for audit, review, compilation, or Form 990 support.

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Typical documents requested

Trial balance and general ledger
Bank statements and reconciliations
Revenue detail and donor restrictions
Payroll records
Debt and lease agreements
Board or finance council minutes
Prior-year financial statements