Aug 25, 2020 | Audit, Blog, Now You Know
Companies must frequently assess their supply chains and their ability to detect and deal with fraudulent activity. Unfortunately, many businesses lack the people and budget to conduct sweeping reviews. If your company is constrained by limited resources, consider...
Aug 14, 2020 | Audit, Now You Know
The COVID-19 pandemic has led to many shifts in the way we operate our affairs. We do things today we had not even considered in the past. This applies to the way we shop, spend time with friends, and conduct our businesses. Undoubtedly, the far-reaching impacts of...
Jul 8, 2020 | Audit, Blog, Now You Know
In order to maintain financial stability through the COVID-19 pandemic, many organizations received funds from the Federal Government and now need guidance on the administrative requirements of the awards. In particular, they will need to determine whether or not they...
May 29, 2020 | Audit, Blog, Now You Know
From its outset at the end of March 2020, the Paycheck Protection Program (PPP) provided relief to many small businesses and nonprofit organizations, but it also brought a good deal of uncertainty to borrowers. Over the past two months, the Small Business...
May 12, 2020 | Audit, Blog, Nonprofit Insights
Not all nonprofit organizations are required to have an independent audit of their financial statements. However, there are several circumstances that trigger a mandatory audit, including expending $750,000 or more per year in federal funds. Many state and federal...
Apr 1, 2020 | Audit, Blog, Now You Know
Shuttered operations. Production stops. Supply chains interrupted. Each of these could have a significant impact on businesses and nonprofit organizations, including their cash flow and revenues. Many organizations have financial statements about to be issued that may...
