Accreditation Requirements

ECFA Accredited Membership Annual Requirements

It’s as easy as 3 Steps

  1. Form – file online (recommended) or offline

  2. Fee – submit online (recommended) or offline

  3. Financial statements – minimum requirements based on total revenue

    All financial statements (regardless of size) must include

    1. a statement of financial position as of the end of the reporting period (also referred to as a balance sheet)

    2. a statement of activities for the reporting period (also referred to as a statement of revenues and expenses)

    3. expenses reported by their functional classification in the statement of activities, a statement of functional expenses, or the notes to the financial statements

    4. a statement of cash flows for the reporting period

    5. accompanying notes to the financial statements

    6. a statement that it was prepared by an independent CPA

    1. Over $3 Million in total revenue – an Audit is required – prepared in conformity with US GAAP/GAAS standards

    2. $1Million – $3 Million in total revenue – at least a Review is required – prepared on the GAAP, accrual, or modified cash basis

    3. Under $1 Million in total revenue – at least a Compilation is required – prepared on the GAAP, accrual, or modified cash basis


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