Governance & Transparency

Foundations & Associations

Assurance and statutory compliance for non-profit organizations, philanthropic funds, and public benefit institutions (ANBI).

Request a Proposal → Check Audit Obligation

AFM Licence 13020177 • RegisterAccountant Lead • Direct Communication

AFM Licence 13020177

Official Licence to conduct Statutory Audits under Dutch Law

Our Approach • Non-Profit Governance & Public Accountability

Why Foundations & Associations Choose Just Audit

Assurance and statutory compliance for non-profit organizations, philanthropic funds, public benefit institutions (ANBI), and educational/cultural associations under RJ 640 & RJ 650.

Accounting Framework RJ 640 (Not-for-Profit) / RJ 650 (Fundraising) • Book 2 BW

Regulatory Compliance WNT (Top Income Standards Act) & ANBI Tax Compliance

Governance Reporting Independent reports to Supervisory Boards (Raad van Toezicht)

Subsidy Reconciliation Grant expenditure compliance for government & EU funding

Request Proposal for Foundations & Associations →

01 ANBI & Non-Profit Expertise

Tailored RJ 640/650 Framework

Specialized auditing of designated project funds, donor spend allocation, and statutory reserves to protect ANBI status.

02 WNT Executive Remuneration

Strict Public Standards Compliance

Rigorous verification of top executive remuneration under the Dutch WNT (Wet normering topinkomens), preventing compliance disputes.

03 Supervisory Board Value

Transparent Boardroom Assurance

Clear reporting to the Raad van Toezicht and donors, confirming integrity, internal controls, and ethical fund stewardship.

Non-Profit Assurance Methodology

Our 6-Stage Non-Profit & Foundation Audit Workflow

Transparent governance, strict adherence to WNT and ANBI protocols, and dedicated RegisterAccountant leadership.

Statutes & Subsidy Protocol Scoping

Charter & Mandate

Examining organizational statutes, donor restrictions, ANBI criteria, and specific grant reporting protocols.

Earmarked Fund Ledger Ingestion

Fund Ledger Sync

Secure ingestion of project accounting ledgers, donor receipts, and earmarked fund balance sheets via Caseware Cloud.

WNT & Procurement Testing

Remuneration & Controls

Auditing executive remuneration against WNT salary caps, procurement policies, and approval authorizations.

Project Expenditure Verification

Substantive Auditing

Substantive verification of project expenses, grant allocations, cost attribution keys, and reserve adequacy.

Supervisory Board (RvT) Consultation

Supervisory Review

Personal presentation of draft findings to the audit committee and Raad van Toezicht.

Public Report & ANBI Publication

Final Delivery

Signed independent auditor's report, statutory publication document for ANBI websites, and governance management letter.

NON-PROFIT AUDIT & REGULATORY ASSURANCE

Public Trust and Governance for Non-Profit Organizations

Independent audit solutions designed for charitable foundations, professional associations, and public sector institutions.

RJ 640 & RJ 650 Statutory Financial Statement Audits

WNT (Wet Normering Topinkomens) Remuneration Compliance

ANBI Status & Donor Accountability Declarations

Government & European Grant Subsidy Audits (NV COS 4400N)

Supervisory Board (Raad van Toezicht) Governance Reviews

Earmarked Project Reserve & Spending Verification

Discuss Your Foundation Audit with an RA Partner

Non-Profit FAQs • Governance, ANBI & WNT Compliance

Frequently Asked Questions

Answers for board members, treasurers, and supervisory directors of Dutch foundations and associations.

Statutory Obligation

When is a foundation (stichting) or association (vereniging) legally required to undergo an audit?

Under Dutch law, non-profits carrying out a commercial enterprise are subject to standard Book 2 BW statutory audit thresholds. In addition, organizations receiving substantial government subsidies or whose own statutes mandate an audit must engage an AFM-licensed auditor.

WNT Compliance

How does Just Audit audit executive compensation under the WNT?

We perform a comprehensive audit under the Dutch Top Income Standards Act (Wet normering topinkomens - WNT), verifying salary components, taxable allowances, severance packages, and mandatory publication tables to ensure full statutory compliance.

ANBI Requirements

What financial reporting obligations apply to maintain ANBI tax status?

Public Benefit Organizations (ANBI) must publish clear financial reports, policy plans, and spending ratios online. Our audits ensure that administrative spend, fundraising expenses, and capital reserves meet the criteria set by the Dutch Tax Authorities (Belastingdienst).

RJ 640 vs RJ 650

What is the difference between RJ 640 and RJ 650 guidelines?

RJ 640 applies broadly to not-for-profit organizations (organisaties-zonder-winststreven), while RJ 650 contains stricter reporting rules for fundraising organizations (fondsenwervende organisaties) that actively solicit donations from the general public.

Subsidy Audits

Can Just Audit perform both the annual financial audit and separate grant subsidy statements?

Yes. We routinely coordinate the annual financial statement audit with specific grant declarations (e.g. RVO, municipal, or European subsidies under NV COS 4400N or NV COS 3000), reducing testing duplication and overall client costs.

Supervisory Board

Does the auditor report directly to the Raad van Toezicht?

Yes. We attend meetings of the Audit Committee and Raad van Toezicht to present our audit findings, answer technical questions, and discuss internal governance observations in our management letter directly.

Earmarked Funds

How are earmarked donor contributions and project reserves audited?

We audit donor agreements and project accounting records to verify that earmarked contributions (bestemmingsreserves and bestemmingsfondsen) are utilized exclusively in accordance with donor-mandated purposes.

Fixed Fees

How do you structure fees for budget-conscious non-profit institutions?

We understand the budget constraints of non-profits and offer transparent, competitive fixed fees agreed before kickoff. We do not charge for routine board consultations or administrative overhead.

Discuss Your Audit Requirements

Speak with Tjerk Wolsak RA or Sven Steijn RA today.

Receive tailored guidance and a fixed-fee proposal within 48 hours.

Request a Proposal → Call Direct Partner Line (+31 85 026 10 17)

Direct partner line: +31 85 026 10 17 • info@justaudit.nl • Hoofddorp & Harderwijk