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Articles From Lumsden McCormick

Nonprofit Standard | Winter 2022

The Winter 2022 edition of the Nonprofit Standard newsletter, published through Lumsden McCormick’s membership in the BDO Alliance USA includes the following:

Take a look inside our most recent newsletter for our professionals' insights on the latest issues for nonprofits:

  • How Will CECL Affect Your Not-for-Profit?
  • Presentation and Disclosure Examples for FASB ASU on Contributed Nonfinancial Assets
  • GASB Statement No. 101, Compensated Absences
  • New Data on Nonprofit Challenges and Opportunities: Benchmark Yourself Against Industry Peers
  • Navigating FEMA’s COVID-19 Appeals Process
  • Storm-Related Single Audit Extensions
  • Updated Federal Audit Clearinghouse Data Collection Form (DCF)
  • Key Changes to the 2022 DCF
  • Unique Entity Identifier (UEI) Number
  • Coronavirus State and Local Fiscal Recovery Fund program


Download the Winter 2022 Nonprofit Standard Newsletter. 

See more about the services Lumsden McCormick provides to Exempt entities including Nonprofit Organizations.

This content is available through Lumsden McCormick’s affiliation with the BDO Alliance USA. Lumsden McCormick offers access to various BDO technical knowledge and content. 

Nonprofit Standard | Winter 2022

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Sarah started her career with Lumsden McCormick as a tax intern and now works in the audit and assurance department, where her primary focus is accounting, auditing, and tax matters related to nonprofit organizations and governmental entities. She has significant expertise working with exempt organizations including private and public foundations, primary, secondary, and higher educational institutions, auxiliary organizations, and community colleges in the areas of accounting for and compliance with diversified investment portfolios, tax compliance, and consulting, including unrelated business income and sales tax, information returns, financial reporting, and compliance with Yellow Book and Uniform Guidance.  

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