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Illinois Independent Living Center

Audits made easy

Since Illinois Independent Living Center (IILC) is a small nonprofit, its executive director handles everything from property management to volunteer oversight and bookkeeping. Which means she doesn’t have time for complicated accounting processes or lengthy audits.

The Challenge

Like many nonprofits, IILC must undergo an annual financial audit to prove that its fiscal practices are sound and strong. When audits don’t go smoothly — for example, when it’s hard to track down files or when practices are inconsistent — audits can become costly and disruptive for staff.

The Solution

Because Wipfli reviews month-end accounting for IILC, the organization is well-prepared for its annual review. What’s more, Wipfli coaches IILC all year to optimize its accounting system, reconcile accounts, and record special instances of expense/income.

Because of Wipfli, the auditor team had 98% of what they needed right at their fingertips.
Anita Dierks, Executive Director at Illinois Independent Living Center

The results

With Wipfli’s input, IILC follows best practices that keep its books clear and accurate all year long — which makes annual reviews fast and easy. It takes IILC about two weeks to prepare an annual audit report, and audit teams can complete their work in record time. Everyone has confidence in the financials.