Certified Public AccountantsA fictional nonprofit is preparing for a new reporting request.
The organization has a bookkeeper and an annual tax engagement. Its board now wants to understand the kind of financial statements another party has requested.
Define the request.
The first conversation identifies who will use the statements, what has been asked for and when the information is needed. The organization brings the request itself into the discussion.
Understand the existing work.
Who maintains the accounts? Which reports are already prepared? The practice would need to understand how the proposed engagement relates to bookkeeping and tax responsibilities.
Reporting purpose.
Current responsibilities.
Required timing.
Agree on the next step.
The organization and the practice would discuss the appropriate service and confirm the engagement scope. This example does not choose an assurance level or claim a completed result.
Fictional case created by Muyinza Media to demonstrate an editorial format. Not a real Carew & Wells client, testimonial, engagement or result.