In Pennsylvania, the Bureau of Charitable Organizations allows you to have a review or audit if you regulating authority in your state to see if there is a regulation that applies. You should also shop around for services - our accounting firm also kept adding to their price and made us keep our books to suit them, rather than us. We shopped around and found an excellent CPA who works with us, understands non-profits and gives us a great deal on his services. Bronwen Sanders Mifflinburg Buggy Museum Mifflinburg, PA ----- Original Message ----- From: Sarah Smith To: [log in to unmask] Sent: Thursday, June 14, 2007 11:07 AM Subject: [MUSEUM-L] Audit versus Review Dear List: Our museum has had an independent CPA firm perform an annual audit for the past fifteen years. The cost for this audit has increased to an uncomfortable level. The board is considering having a CPA firm perform an annual review instead and schedule an audit for every five years. Our museum has an operating budget of 270,000. Our bookkeeping is done by a separate CPA firm. Have any like sized organizations made the move to a review? If so how has it impacted giving from Foundations and individuals? I am concerned that our museum would lose some credibility if we made the switch. Sarah Y. Smith Executive Director Hanover Tavern Foundation (804) 537-5050 ext. 22 www.hanovertavern.org ========================================================= Important Subscriber Information: The Museum-L FAQ file is located at http://www.finalchapter.com/museum-l-faq/ . You may obtain detailed information about the listserv commands by sending a one line e-mail message to [log in to unmask] . The body of the message should read "help" (without the quotes). If you decide to leave Museum-L, please send a one line e-mail message to [log in to unmask] . The body of the message should read "Signoff Museum-L" (without the quotes). ========================================================= Important Subscriber Information: The Museum-L FAQ file is located at http://www.finalchapter.com/museum-l-faq/ . You may obtain detailed information about the listserv commands by sending a one line e-mail message to [log in to unmask] . The body of the message should read "help" (without the quotes). If you decide to leave Museum-L, please send a one line e-mail message to [log in to unmask] . The body of the message should read "Signoff Museum-L" (without the quotes).