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For many organizations, the annual audit is a source of dread. But for My Very Own Bed, it’s an opportunity to help the organization further its mission. Abdo began working with this Twin Cities-based nonprofit in 2022 and, as Joe Wallis tells it, the partnership has created a meaningful opportunity for the team at Abdo too.

Not every nonprofit needs an audit. In some cases, an alternative option, such as an internal control consultation or compilation of financial statements, may be the better solution. In this article, Abdo partner and nonprofit advisor Hannah Hugen sheds light on the benefits and limitations of an audit—and how to choose the right service for your nonprofit.