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Article

Considerations for Nonprofits, Healthcare Entities, and State and Local Governments following President Trump’s March 4, 2025, Address

April 2, 2025
Article

Considerations for Nonprofits, Healthcare Entities, and State and Local Governments following President Trump’s March 4, 2025, Address

April 2, 2025

President Donald Trump’s March 4, 2025, address to Congress outlined a series of policy initiatives with significant financial and operational implications for nonprofits, healthcare entities, and state and local governments — especially those that rely on federal funding.

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Case Study

Helping the Army Streamline Critical Account Review Processes Through Automation

March 24, 2025
Case Study

Helping the Army Streamline Critical Account Review Processes Through Automation

March 24, 2025

Learn how BDO helped the United States Department of the Army, Army Materiel Command (AMC) address a manual, time-intensive reporting process and reduce the risk of error by automating monthly reports.

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Article

How to Improve Grantee Compliance Through Strategic Financial Oversight

March 17, 2025
Article

How to Improve Grantee Compliance Through Strategic Financial Oversight

March 17, 2025

Managing the complexity of financial regulations and grant governing rules makes confirming grantee compliance a significant challenge. Those who do not adhere to financial regulations and rules risk non-compliance, resulting in fund misuse, audit findings, and jeopardizing the overall effectiveness of grant programs.

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Article

GASB 104, Disclosure of Certain Capital Assets

February 24, 2025
Article

GASB 104, Disclosure of Certain Capital Assets

February 24, 2025

In September 2024, the Governmental Accounting Standards Board (GASB) issued GASB Statement No. 104, Disclosure of Certain Capital Assets (GASB 104 or Statement). The requirements of GASB 104 are effective for fiscal years beginning after June 15, 2025.

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Article

The Importance of Correct Unit Reporting

January 13, 2025
Article

The Importance of Correct Unit Reporting

January 13, 2025

Correct reporting of units can have significant impacts on various HUD compliance and financial reporting. It can also affect the amount of fee revenue that the central office cost center (COCC) earns. Read the insight to learn more about correct unit reporting.

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Case Study

Transforming Infrastructure for Cost Savings and Improving Constituency Experience

December 2, 2024
Case Study

Transforming Infrastructure for Cost Savings and Improving Constituency Experience

December 2, 2024

Learn how BDO helped HCTRA stay ahead with technology innovation and cost savings by focusing on organizational infrastructure.

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Article

The Definitive Guide to the Month End Close

October 8, 2024
Article

The Definitive Guide to the Month End Close

October 8, 2024

One of the strongest indicators of high functioning accounting departments is an efficient month end close and reporting process. Typically, monthly accurate and timely financial reporting is a good gauge of how well a PHA’s accounting department is operating.

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Article

GASB 103, Financial Reporting Model Improvements

September 16, 2024
Article

GASB 103, Financial Reporting Model Improvements

September 16, 2024

On May 28, 2024, the Governmental Accounting Standards Board (GASB) issued GASB Statement No. 103, Financial Reporting Model Improvements (GASB 103 or Statement).

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Article

IIJA by the Numbers: Remaining Funds and What that Means for P3s

June 12, 2024
Article

IIJA by the Numbers: Remaining Funds and What that Means for P3s

June 12, 2024

Signed into law in November of 2021, the Infrastructure Investment and Jobs Act (IIJA) provided hundreds of billions of dollars in federal spending on transportation, energy, broadband internet, and other infrastructure across the U.S. The legislation is set to expire in 2026, meaning we are now more than halfway through its effective period.

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Article

Closeout Procedures for the Emergency Housing Voucher (EHV) Program

May 28, 2024
Article

Closeout Procedures for the Emergency Housing Voucher (EHV) Program

May 28, 2024

The closeout of the EHV program will be approaching sooner for some Public Housing Authorities (PHAs) than others.

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Article

GASB 102, Certain Risk Disclosures

April 10, 2024
Article

GASB 102, Certain Risk Disclosures

April 10, 2024

GASB 102 addresses financial reporting regarding certain concentrations or constraints and related events that may have a substantial impact and negatively affect the level of service a government provides.

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Article

Checklist: Improve Transparency and Public Trust with a Pre-Award Risk Assessment

April 9, 2024
Article

Checklist: Improve Transparency and Public Trust with a Pre-Award Risk Assessment

April 9, 2024

The efficient and effective use of taxpayer funds is of utmost importance in today’s environment. Learn about how you can leverage a Pre Award Risk Assessment and our checklist.

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Article

Addressing Potential Fraud and Corruption Risks in Your Public Housing Authority

April 5, 2024
Article

Addressing Potential Fraud and Corruption Risks in Your Public Housing Authority

April 5, 2024

Public Housing Authorities (PHAs) have a mandate to provide safe, habitable spaces to their residents but face challenges like lack of access to funding for subsidies and staffing that help maintain public and affordable housing stock.

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Article

Treasury, IRS Release Final Regulations on Elective Pay Election for Energy Tax Credits

March 8, 2024
Article

Treasury, IRS Release Final Regulations on Elective Pay Election for Energy Tax Credits

March 8, 2024

The Department of the Treasury and the IRS on March 5 released final regulations (TD 9988) on the elective pay election for certain energy tax credits under IRC Section 6417, added by the Inflation Reduction Act (IRA), which treats the credits as a payment against federal income tax liabilities.

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Article

Harness the Power of Data with Improved Data Collection

February 23, 2024
Article

Harness the Power of Data with Improved Data Collection

February 23, 2024

Support of critical reporting, decision-making and overall mission-success relies heavily on successful data collection. BDO's latest insight explores the power of improved data collection.

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Article

Back to Basics: The Foundational Concepts of Grants Management & Compliance

August 8, 2023
Article

Back to Basics: The Foundational Concepts of Grants Management & Compliance

August 8, 2023

Best practices for compliance related to managing and maintaining federal grants for nonprofit orgs, state and local entities and higher education institutions.

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Article

Hurricane Season: Preparation & Post-Event Considerations

July 28, 2023
Article

Hurricane Season: Preparation & Post-Event Considerations

July 28, 2023

Discover how your organization can weather any storm this hurricane season with proactive financial and contractual preparation.

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Article

How to Transition the Managers’ Internal Control Program (MICP) to a Fully Integrated Risk Management and Internal Control (RMIC) Program

March 20, 2023
Article

How to Transition the Managers’ Internal Control Program (MICP) to a Fully Integrated Risk Management and Internal Control (RMIC) Program

March 20, 2023

In 2016, the Office of Management and Budget (OMB) revised the OMB Circular No. A-123, Management’s Responsibility for Enterprise Risk Management and Internal Control.

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Article

What Is the Joint Reconciliation Program and How Does It Affect Auditability?

January 24, 2023
Article

What Is the Joint Reconciliation Program and How Does It Affect Auditability?

January 24, 2023

You may be familiar with both the Joint Reconciliation Program (JRP) and the Army’s continuing efforts to pass an audit, but did you know they go hand in hand?

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Article

Just Ask Why: The Key to Successful Audit Remediation

January 11, 2023
Article

Just Ask Why: The Key to Successful Audit Remediation

January 11, 2023

What do you do when you receive an audit report identifying deficiencies and weaknesses in your agency’s operations or reporting?

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