Financial data extraction platform Validis has released audit working papers specific to nonprofits.
The working papers are configured to reflect the additional detail required for nonprofit clients, and include these GAAP compliant reports: program revenue and receivables summary, contribution revenues and receivables summary, in-kind revenue and receivables summary, and the grant analysis report.
Validis’ financial data intelligence displays the nonprofit organization’s full transactional history and provides continuous data monitoring and data analytics on a single platform.
Validis’ financial data extraction platform pulls clients’ full transactional history, double checks the data for accuracy and provides standardized reports that can be downloaded into Excel for further analysis. The technology can be used during audits, accounting engagements, loan origination, and covenant monitoring processes.
