IN BRIEF Budgeting is important to any organization, but particularly for nonprofits. Given the unique challenges that nonprofits face in the current environment of macroeconomic…
Driving Excellence in Nonprofit Audit Quality
Challenges, Solutions, and Impact
IN BRIEF Nonprofits face many unique challenges, and auditors are a crucial component in ensuring they not only meet regulatory obligations but also strive for…
IN BRIEF Fraud remains a serious risk for any entity, and not-for-profit organizations unfortunately make an easy target. This article explores the ways in which…
As more individual taxpayers have contributed cyber assets to 501(c)(3) not-for-profit organizations, the tax treatment of these contributions has come to the forefront. When individuals…
I did not set out to build a career in international development. Like many CPAs, I began with a simple and familiar ambition: to join…
How Independent Operational Reviews Can Strengthen Financial Infrastructure
A Guide for Not-for-Profit Organizations
Not-for-profit organizations rely on a strong financial infrastructure in order to support their ongoing operations, ensure sustainability and growth, and drive their mission forward. Finance…
Nonprofit Budgeting in Uncertain Times
Planning Techniques That Build Resilience
IN BRIEF Budgeting is important to any organization, but particularly for nonprofits. Given the unique challenges that nonprofits face in the current environment of macroeconomic…
Driving Excellence in Nonprofit Audit Quality
Challenges, Solutions, and Impact
IN BRIEF Nonprofits face many unique challenges, and auditors are a crucial component in ensuring they not only meet regulatory obligations but also strive for…
IN BRIEF Fraud remains a serious risk for any entity, and not-for-profit organizations unfortunately make an easy target. This article explores the ways in which…
The recent U.S. inflation measures show that high prices have not departed yet—and they continue to fuel an affordability crisis in critical sectors like healthcare,…
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing…
Tips for a Smooth Nonprofit Audit Process
The Importance of Organization and Ongoing Preparation
While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) organization can take to make the audit process…
Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an independent audit, preparing and filing…
Tips for a Smooth Nonprofit Audit Process
The Importance of Organization and Ongoing Preparation
While the audit process generally has an overwhelming connotation, there are several steps that a not-for-profit (NFP) organization can take to make the audit process…
Misconceptions in Not-For-Profit Accounting
Understanding the Reality Behind the Standards
Certain accounting standards are specific to donations, contributions, and grants from governments and foundations and are uniquely applicable to not-for-profit organizations. Nonprofits do not exist…
The recent U.S. inflation measures show that high prices have not departed yet—and they continue to fuel an affordability crisis in critical sectors like healthcare,…