Audit Your Nonprofit's Year-End Finances with Confidence

This Nonprofit Year-End Financial Statement and Internal Controls Audit Checklist gives your organization a structured way to close out the fiscal year and confirm that its finances are in order. Reviewers start by capturing organization and audit details, including legal name, EIN, fiscal year under review, audit or review type, and lead reviewer contact information. They then record total revenue and support, total expenses, and the change in net assets before working through a year-end financial statement checklist to verify that every key item has been addressed.

The template is built for nonprofit finance directors, executive directors, treasurers, board finance and audit committees, and the independent CPAs or internal reviewers who support them. Dedicated sections assess controls over cash handling, disbursements, and payroll, along with governance and regulatory compliance. Reviewers can note compensating controls and additional observations, document findings, outline a corrective action plan, assign an overall internal control risk rating, and formally sign off on the review. Supporting files such as trial balances, bank reconciliations, and draft financial statements can be uploaded directly to the form, keeping all evidence in one place.

Using a consistent checklist helps your organization prepare for external audits, strengthen accountability to donors and grantors, and reduce the risk of errors, fraud, or compliance gaps. Each submission creates a clear, organized record that boards and auditors can review year after year. Customize the questions to match your policies, share the form with your review team, and turn a stressful year-end close into a repeatable, well-documented process.