Ellin & Tucker Offices
NBOA Annual Meeting Schriver

Tips on Making the Financial Statement Audit a Breeze

By: David Schriver

The National Business Officers Association (NBOA) is an organization that exists to support the financial administration and compliance of independent schools, which includes the financial reporting, human resources and information technology departments.  Each year the NBOA holds an annual meeting that provides an opportunity for independent school leaders to engage their peers in sharing ideas, solutions and learning from experts discussing practical solutions to the challenges faced by independent schools.

Attending the conference provides us insight into what independent school finance leaders face on a daily basis. Networking and gathering best practices and ideas from those experiencing successes and facing challenges brings a deeper understanding of the business. Keeping a pulse on these conversations allows us to be better consultants and professional service providers to our school clientele.  We strive to be the leaders in our profession and sometimes that means walking in their shoes to see and understand from their perspective.

At the conclusion of the three day event is a 75 minute Goldmine session, which is a collection of over 45 tables; each with a different topic.  The topic I presented was “Tips on Making the Financial Statement Audit a Breeze”.  In it, I shared five thoughts on how the accounting department and auditor can work together to best prepare for the annual audit and a few bonus tips to go along with it. The primary takeaway is that the audit firm should be a financial partner and resource to the school – each party working to make the school the best it can be.

Below is a reference guide that outlines the five thoughts I shared at the conference. You may download a PDF of the Tips for Making the Financial Statement Audit a Breeze guide or you may contact me at dschriver@ellinandtucker.com with any questions you may have about the topic.


David Schriver tall color CROPPEDDAVID D. SCHRIVER, JR., CPA, is a director in the Audit, Accounting and Consulting Department and chairperson of the Education Services Group at Ellin & Tucker in Baltimore, Md. David brings to the table more than 20 years of expertise in providing financial statement audit, review and compilation services as well as preparing corporate tax returns for his clients. As an engagement leader for several of the firm’s not-for-profits and independent school clients, his familiarity with budgeting and forecasting, cash flow analysis, strategic planning, capital campaigns, risk management and human resource functions is a rare set of skills few other accountants can match. He can be reached at dschriver@ellinandtucker.com.

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