Is Your Organization Ready for the Single Audit?

When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, it established the Provider Relief Fund (PRF) to support American families, workers and healthcare providers in the battle against COVID-19.

At the height of COVID-19, nonprofit organizations were forced to postpone or cancel events, transition their staff to work remotely, limit programs and contend with deferred planned investments. And, according to BDO’s 2020 Nonprofit Standards Benchmarking Survey, 46% of...

As a result of the COVID-19 pandemic, many entities are receiving federal funding for the first time through measures like the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and subsequent relief bills. But with these funds comes various terms and conditions, and...

Many nonprofits have struggled to stay afloat since the onset of the COVID-19 pandemic. Fortunately, recent legislation offers organizations additional support by retroactively eliminating limitations on—and extending and enhancing—the Employee Retention Credit (ERC) included...

According to our most recent Nonprofit Standards Benchmarking Survey, 64% of nonprofits were planning to invest in new technologies. As organizations continue to expand their digital capabilities in the year ahead, managed services providers (MSPs) can help them maximize value...

On December 22, 2020, the Office of Management and Budget (OMB) released the Addendum to the 2020 Compliance Supplement (the Supplement Addendum). The Supplement Addendum is important for organizations that accepted federal COVID-19 relief funding, as it offers guidance around...

In 2016, the Financial Accounting Standards Board (FASB) updated its lease accounting guidance (ASC Topic 842) and closed a diversity in practice in the previous standard. The major change is that organizations must now include lease assets and liabilities on their balance...

For nonprofits to continue their mission-critical work and support the needs of communities impacted by COVID-19, they need to protect the sensitive data they host. Our latest blog post describes how the cyberthreat landscape is expanding, and why nonprofits need to prioritize...