By Nonprofit Practice Leaders | November 18, 2020

Is Your Organization Audit Ready?

Whether you are facing an audit for the first time or you have been audited for years, making sure that your nonprofit organization is ready can be overwhelming, especially given the challenges of COVID-19.

By Carla DeMartini | October 13, 2020

Strengthening Internal Control


By Barbara Finke | October 06, 2020

If, When and How Nonprofits Should Consider Reforecasting their Budgets

The pandemic has inspired many nonprofits to reflect on what’s working well for their organizations and what could be working better. Discover important considerations nonprofits should keep in mind when it comes to reevaluating how they budget, from reforecasting to...


By Lee Klumpp | September 28, 2020

New Government Accountability Office (GAO) Report: Update on the Paycheck Protection Program’s (PPP) Loan Audit Process

On September 21, the Government Accountability Office (GAO) released its third report regarding its oversight of the federal government's COVID-19 pandemic response. Discover what nonprofits should keep in mind when it comes to how the Small Business Administration (SBA) plans...


By Tammy Ricciardella | September 24, 2020

New Accounting Standards Update On Nonprofit Gifts-in-Kind

The Financial Accounting Standards Board (FASB) has issued the anticipated Accounting Standards Update on presentation and disclosures of contributed nonfinancial assets for nonprofits. Our latest blog post details how the gifts-in-kind should be presented and disclosed.


By Nonprofit Practice Leaders | August 28, 2020

OMB Issues the 2020 Compliance Supplement

On August 18, the Office of Management and Budget (OMB) issued the 2020 Compliance Supplement to assist auditors in performing single audits and help organizations comply with grant, contract and federal requirements. Our latest blog post outlines the details.


By Nonprofit Practice Leaders | August 24, 2020

Tax News of Note for Nonprofits

It’s critical for nonprofits to stay abreast of proposed and updated regulations from the Internal Revenue Service (IRS). Read on to learn the latest developments organizations should know.


By Nonprofit Practice Leaders | August 10, 2020

Updated: Main Street Lending Program Now Open to Nonprofits

Recently the Federal Reserve announced an expansion to its Main Street Lending Program (MSLP) to aid nonprofit organizations impacted by COVID-19. Though the application process is not yet open, organizations should begin forecasting anticipated cashflow needs to assess if...


By Lee Klumpp | July 21, 2020

Congress Passes the Protecting Nonprofits from Catastrophic Cash Flow Strain Act to Assist Nonprofit Organizations

On July 2, 2020, the Senate unanimously passed legislation to assist nonprofits and governmental entities. The House passed the bill in a pro forma session on July 9, 2020. The bill is now headed to the president for his signature.


By David Clark | July 06, 2020

Higher Education and COVID-19: Tips for Navigating Federal Relief Funding

When the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, approximately $14 billion was earmarked to support post-secondary education students and institutions through the Higher Education Emergency Relief Fund (HEERF). Among other...