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The College of Auditors (Instituto de Contabilidad y Auditoría de Cuentas (ICAC)), has recognised AGN member firm Busquet Economistas Auditores as the leading firm in market share for auditing non-profit organisations in Spain (see Appendix 1). This achievement reaffirms the firm’s commitment to transparency, accountability, and continuous improvement in the accounting industry.
Non-profit organisations play an essential role in society, especially in contexts where public institutions often fail to meet all social needs. These organisations act as key pillars of solidarity and social justice, addressing diverse issues such as human rights protection, poverty alleviation, cultural promotion, environmental protection, and support for vulnerable groups.
These organisations’ agility and flexibility make them key actors in responding to emergencies or social vulnerabilities, areas where public sector bureaucracy or limited resources cannot always reach. However, this operational autonomy also presents a challenge: ensuring effective, transparent, and responsible management of the funds received, which is particularly relevant in a context where a significant portion of resources comes from donations and grants.
A Sector with Specific Audit Needs
Auditing in the non-profit sector differs from other economic areas due to its particularities. Public trust in these organisations largely depends on their ability to manage resources clearly and efficiently. Busquet Economistas Auditores understand the specific requirements of this sector, which has enabled them to become the leading reference in non-profit auditing in Spain.
The main challenges in auditing non-profit organisations include:
- Management of donated resources: Non-profit entities manage funds that mainly come from donations and public grants, which require transparent use to ensure that commitments made to donors are fulfilled.
- Public trust: Clarity in fund management and proper use of resources builds public trust, essential for maintaining the organisation’s reputation and stakeholder support.
- Fraud prevention: Rigorous audits reduce the risk of misappropriation of funds and ensure the prevention of fraudulent practices, protecting both the organization and its beneficiaries.
- Compliance with regulations: Non-profit organisations are subject to specific regulations that require transparent administration and accountability to the relevant authorities.
- Accountability: Transparency and accountability are essential to demonstrate that the resources managed by these entities are used appropriately and in line with the social causes they promote.
Commitment to Leadership and Excellence
Being the leading firm in non-profit auditing involves a great responsibility for Busquet Economistas Auditores. Their work ensures proper fund management and reinforces public trust in a sector that plays a fundamental role in society.
Busquet Economistas Auditores remains committed to continuous improvement in the sector, promoting transparency and helping non-profit organisations optimise their management processes so that they can continue generating a positive impact in the lives of people and vulnerable communities.
Appendix 1:
Busquet Economistas Auditores
Via Augusta, 343
08017, BARCELONA
Contact Form
Tel: 93 414 71 83
Web: https://www.busquet.com/es