I work for an Association with a couple of non-profit companies and the question was recently asked of "do we need to do yearly audits or can they be changed to every two years"?  We are currently doing yearly audits in which the CPA will do the tax returns at the same time. Due to the recent pandemic situation we are wondering about the cost savings of switching and if it is possible to change to biennial audits?

Thank you,

Luann