Nov 19, 2021 | Accounting, Audit, Blog, Nonprofit
Through the pandemic, electronic payment methods gained additional attention and became increasingly popular. Electronic payments offer convenience and time savings advantages, but they also present challenges such as security concerns and internal opportunities to...
Jul 26, 2021 | Advisory, Audit, Blog, Nonprofit
Audits have become more important due to increased public and government scrutiny of not-for-profit organizations, their management, and their boards. Audits not only provide you with a fair assessment of your organization’s financial health, but also can reveal...
Jun 17, 2021 | Advisory, Audit, Blog, Nonprofit Insights
Last September, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 regarding the disclosure and presentation of contributed nonfinancial assets. The update seeks to increase transparency about how these types of assets are...
Jun 14, 2021 | Audit, Blog, Nonprofit Insights
Many people hold a soft spot in their hearts for nonprofit organizations as they pursue their worthy cultural, scientific, civic, medical, social, and recreational missions. So when fraudsters target nonprofits, it can feel particularly upsetting, especially when the...
Apr 29, 2021 | Audit, Blog, The Valuation Report
When valuation analysts dig into the numbers, they often rely on financial information provided by the target company. As the engagement proceeds, sometimes the numbers do not seem quite right. Maybe expenses seem too high or owner’s compensation seems too low....
Mar 18, 2021 | Audit, Blog, Nonprofit Insights
Once a year, you get to tell the world your story in long form and provide context on your strategy. Make the most of your annual report by answering four important questions: 1. Who are you? Be loud and proud about your mission. If your mission statement appears...
