Carol Barnard

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Carol Barnard, CPA, CFE, MBA, is a director in Aronson’s Nonprofit & Association Services Group. With more than 15 years of public accounting experience, Carol has focused her career exclusively on nonprofit audit and accounting issues, including federal funding and related Single Audit requirements, compliance issues, and the changes brought about by Uniform Guidance.

As an active thought leader within the nonprofit industry, Carol continuously shares her expertise through nationally broadcasted webinars, internal training sessions, and other speaking opportunities. She has led various webinars on topics such as “The Updated Basics of Federal Grant Compliance,” “Allocating Direct and Indirect Costs for Nonprofits,” and “Nonprofit Compliance: Winning Strategies for a Successful Audit.” Additionally, she has co-presented a breakout session at the Greater Washington Society of CPAs 2017 Annual Nonprofit Symposium entitled “Fraud Considerations in Nonprofit Organizations.” Carol is also the editor of Aronson’s nonprofit blogs.

Carol is a CPA licensed in Virginia and Maryland. She earned her MBA in Accounting in 2003 and her Certified Fraud Examiner designation in 2012.


  • The Financial Management Handbook for Associations and Nonprofits, by the American Society of Association Executives: Contributing Author and Editor

Licenses & Certifications

  • Certified Fraud Examiner (CFE)
  • Certified Public Accountant (CPA)


  • University of Phoenix: Master of Business Administration (MBA), with a specialization in Accounting
  • The University of Georgia: Bachelor of Fine Arts in Sculpture

Extension of Single Audit Filing Deadlines

On March 19, 2021, the Office of Management and Budget (OMB) released Memorandum M-21-20, Promoting... more
June 22, 2021

Prohibition on Certain Telecommunications Equipment and Services for Federal Grant Awardees

Many federal award recipients are unaware that on August 13, 2020, 2 CFR § 200.216  Prohibition... more
June 22, 2021