DEFINITION of 'Accountants for the Public Interest - API'
An organization whose volunteer accountants provide free services to nonprofit organizations, charities and other groups that would otherwise be unable to afford it. In addition to providing these services, the Accountants for the Public Interest provide guidance to small businesses on how to navigate accounting principles.
BREAKING DOWN 'Accountants for the Public Interest - API'
One of the publications created by the API is "What a Difference Preparation Makes: A Guide to the Nonprofit Audit", a reference on various accounting topics that nonprofit organizations should be familiar with and how to prepare for an audit.