{title} icon

Audit and Assurance Articles

 

The Impact of a New FASB Accounting Standard on Nonprofits

The Impact of a New FASB Accounting Standard on Nonprofits

Posted by Jill Johnson on December 20, 2022

For nonprofit organizations who adhere to GAAP will not be required to report credit losses on receivables, loans, and financial assets under a new accounting standard.

> Read More
Tax Treatment of Intangible Assets

Tax Treatment of Intangible Assets

Posted by Douglas Muth on December 01, 2022

The IRS has specific regulations on the cost of intangible assets. We can guide you through the rules.

> Read More
Using the Audit Report for Better Internal Controls

Using the Audit Report for Better Internal Controls

Posted by Michael Grimaldi on November 16, 2022

Your management team and Board of Directors especially the audit committees should pay special attention to the final audit report and act accordingly to improve internal controls.

> Read More
How to Prepare for a HRSA Audit

How to Prepare for a HRSA Audit

Posted by Jill Johnson on October 07, 2022

HRSA requires government and nonprofit organizations to undergo  a federal Single Audit when federal grant expenditures meet or exceed $750,000 in one year.

> Read More
PCAOB Spotlight: Audit Committee Resource

PCAOB Spotlight: Audit Committee Resource

Posted by Sara Dayton on September 19, 2022

In response to the current global economic environment impacted by supply chain issues, high inflation, geopolitical tensions, increasing use of technology and cyber threats, the Public Company Accounting Oversight Board (PCAOB) has issued a series of questions for audit committees to consider in their engagement with auditors and management regarding their response to related financial reporting and audit risks.

> Read More
OMB Issues the 2022 Compliance Supplement

OMB Issues the 2022 Compliance Supplement

Posted by Sara Dayton on August 18, 2022

On May 12, 2022, the Office of Management and Budget (OMB) issued the 2022 Compliance Supplement (Supplement). The Supplement is effective for fiscal years beginning after June 30, 2021 and can be accessed on the OMB website.

> Read More
Reporting Obligations of Quid Pro Quo

Reporting Obligations of Quid Pro Quo

Posted by Sarah Hopkins on June 06, 2022

Donors may automatically assume they can deduct the full amount of any charitable contribution. But what if your nonprofit provides goods or services in exchange for donations?

> Read More
Implement Auditor Management Letter Recommendations

Implement Auditor Management Letter Recommendations

Posted by Douglas Muth on May 09, 2022

Take your audited financials to the next level by implementing the improvements contained in the management letter.

> Read More
Evaluate and Improve Controls with an Internal Audit

Evaluate and Improve Controls with an Internal Audit

Posted by Sara Dayton on April 22, 2022

Are you making the most of your internal audit team? Don’t let the skills of internal auditors go underutilized at your organization.

> Read More
Reporting Goodwill Under GAAP Standards

Reporting Goodwill Under GAAP Standards

Posted by Max Donlon on April 20, 2022

Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today.

> Read More
Page 1 of 8 pages  1 2 3 >  Last ›
SIGN UP TO RECEIVE OUR LATEST TAX AND ACCOUNTING ARTICLES, NEWSLETTERS, AND EVENTS. SIGN UP

Comprehensive. Proactive. Accessible.
How Can We Help?