• Not-For-Profit & Education

Not-For-Profit & Education

Whether you run a foundation, charity, association or community care agency, securing additional funding will significantly impact the way you operate. Each year, Chinese not-for-profit organizations are required to do more with less. Service demands continue to grow while funds become less accessible. For most agencies, understanding and complying with complex regulatory changes while growing revenue and containing costs poses significant challenges.

As shifts in financial reporting standards and funding continue to dominate the accounting arena, not-for-profit organizations face additional complexities and potential implications, including:

. Decreased funding as service demands continue to increase    
. Regulatory changes
. Increasingly complex financial reporting standards are more complex than ever    
. Governance management and succession planning
. Difficulty attracting talented volunteers and employees    
. Directors’ liability
. Cost containment    . Technology innovation
. Difficulty growing revenues and securing new sources of revenue    
. Consolidation and new business models
Not-For-Profit & Education specialties

At BDO, we help not-for-profit clients address the changing needs of their agencies. We have in-depth knowledge in key industry sectors, including:

. Associations and Foundations
. Educational Services
. Government Non-Profit Organizations
. Hospitals and other Healthcare
. Trade Unions

Services

To help clients address the key issues in the not-for-profit sector we have tailored our services.

. Audit and assurance    
. Financial advisory
. Taxation    
. Technology solutions
. Risk management    
. Transaction services
Serving the industry

BDO’s expertise in the Not-For-Profit & Education sector includes working closely with clients as their auditors, tax and/or corporate finance advisors. Our active participation in a multitude of industry organizations enables us to be responsive to emerging issues. Our specific involvement in China includes:

. Enterprising Non-Profits
. Centre for Sustainability
. Chinese Society of Association Executives