Quality matters — especially when it comes to the tools auditors rely on to ensure nonprofits stay compliant and trustworthy. That’s why Thomson Reuters has taken an important step to help CPA firms feel confident about using their Nonprofit Organization (NPO) audit resources. Recently, the 2024 edition of NPO underwent a thorough examination to check its alignment with quality management standards. If you use or plan to use these tools, here’s what you need to know.
Quality Management and Service Providers: What It Means for Your Audit Tools
The AICPA’s new quality management system (QMS) requirements emphasize the importance of using proper resources in audits. Firms need to be sure that any materials or tools they use—from service providers like Thomson Reuters—meet strict quality standards.
Thomson Reuters’ PPC products, including the NPO audit guide, qualify as intellectual resources under these requirements, meaning they play a key role in a firm’s system of quality management (SQM).
What Is the Examination Report?
In January 2025, the AICPA released criteria for reviewing quality management materials (QMM). Thomson Reuters voluntarily subjected the 2024 NPO audit guide and other PPC products to an independent, assertion-based examination against these criteria.
This examination assesses whether the materials comply with content and description standards. While it doesn’t give an opinion on the reliability of the products themselves, it helps CPA firms evaluate risks and decide if these tools are appropriate for their SQM and audit engagements.
Accessing the Report and What’s Next
The examination report for the 2024 NPO edition is publicly available online at Thomson Reuters’ website. CPA firms using these resources can review the report to support their quality management processes.
Thomson Reuters has also released the 2025 edition of the NPO guide and plans to subject it to a similar examination later this year. The upcoming report will be published on the same site once available.
Conclusion
Staying up to date on quality management reports like this examination helps CPA firms maintain strong audit practices and meet evolving standards. Knowing that your audit tools undergo rigorous review brings peace of mind and supports delivering high-quality services to nonprofit clients.
