Insights

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
May 10, 2021
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
May 5, 2021
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
April 29, 2021
Blog

Common Functional Expense Mistakes

It is important for nonprofits to ensure that the data they present in their functional expense... more
April 28, 2021
Blog

How to Account for Joint Activities

Determining whether an organization conducts joint activities and properly accounts for these... more
April 14, 2021
Blog

Benefits of a Retirement Committee

As plan auditors, we review the governance structure of any plan as part of our procedures in... more
April 9, 2021
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
April 9, 2021
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
April 9, 2021
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
April 7, 2021
Blog

FASB Issues Alternative for Goodwill Impairment Test

The FASB issued ASU No. 2021-03 Intangibles—Goodwill and Other (Topic 350), Accounting... more
April 7, 2021
Blog

Importance of Communication and Clarity with your Nonprofit Board

Nonprofit boards are generally involved in important decisions concerning the direction of the... more
April 1, 2021
Blog

FFATA Reporting Requirements

FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime... more
March 31, 2021