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2018 Exempt Organization Business Tax Return prepared for: BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION, INC. 863 PROSPECT AVENUE BRONX, NY 10459KBL, LLP 535 FIFTH AVENUE, 30TH FL NEW YORK, NY 10017Form990Return
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A not-for-profit corporation audited is an evaluation of the financial statements of a not-for-profit organization conducted by an independent auditor to ensure accuracy and compliance with accounting standards.
Not-for-profit corporations that exceed certain revenue thresholds or that are required by state or federal law to have their financial statements audited are typically obligated to file an audited report.
Filling out a not-for-profit corporation audited involves preparing financial statements according to the applicable accounting principles and engaging a qualified auditor to review and issue an audit report.
The purpose of auditing a not-for-profit corporation is to provide assurance to stakeholders that the financial statements are accurate and that the organization is using its resources effectively and in compliance with regulations.
An audited report for a not-for-profit corporation must include the financial statements, auditor's opinion, notes to the financial statements, and any significant accounting policies or changes.
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