By Nonprofit Practice Leaders | February 18, 2021

Federal Funding Terms Demystified

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 certain funds may be subject to audits by independent auditors.

By Lee Klumpp | December 29, 2020

The Latest in COVID-19 Funding Compliance Guidance

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...

By Lee Klumpp | December 22, 2020

Nonprofits Have Additional Time to Comply with New Lease Accounting Standards

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...

By Jim Amsler | December 03, 2020

COVID-19 and Privacy: What do Nonprofits Need to Know?

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...

By Barbara Finke | 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 Nonprofit Practice Leaders | November 13, 2020

Port in the Storm: How to Maximize Year-End Giving

While #GivingTuesday has traditionally been a pivotal occasion for nonprofits’ fundraising campaigns, the events of 2020 have made this year’s giving season more mission-critical than ever before. Learn how your organization can get a boost this year with our latest blog post.

By Carla DeMartini | October 13, 2020

Strengthening Internal Control in the COVID-19 Environment

At the start of the COVID-19, nonprofit organizations were disrupted by a heightened demand for services, decreased funding and regulatory changes. As a result, savvy nonprofits are reexamining their operations to adapt to this unprecedented time. Our latest blog post offers...

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...