Blog
What is the Difference Between a Procurement and a Subrecipient?
For audits under Uniform Guidance, one of the more common errors relates to making the distinctions... more
Blog
What Should be Included on your SEFA?
Under Uniform Guidance, entities that expend more than $750,000 in federal funds are subject to a... more
Blog
Weak Internal Controls Equal Fraud Opportunities – What You Can Do Now
Occupational fraud is a serious threat with costly consequences, but with strong internal controls,... more
Blog
Common Functional Expense Mistakes
It is important for nonprofits to ensure that the data they present in their functional expense... more
Blog
How to Account for Joint Activities
Determining whether an organization conducts joint activities and properly accounts for these... more
Blog
Benefits of a Retirement Committee
As plan auditors, we review the governance structure of any plan as part of our procedures in... more
Blog
When Does My Retirement Plan Need an Audit?
Being proactive about getting your plan ready for an audit can save you a lot of time, money, and... more
Blog
Why Does Your 401(K) Auditor Ask For a SOC-1?
If you are the contact for your company’s 401(k) plan audit, you have probably received requests... more
Blog
Cryptocurrency’s Potential Effect on Real-World Financial Transactions
In the last few months, cryptocurrency, particularly Bitcoin, has been at the forefront of... more
Blog
FASB Issues Alternative for Goodwill Impairment Test
The FASB issued ASU No. 2021-03 Intangibles—Goodwill and Other (Topic 350), Accounting... more
Blog
Importance of Communication and Clarity with your Nonprofit Board
Nonprofit boards are generally involved in important decisions concerning the direction of the... more
Blog
FFATA Reporting Requirements
FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime... more