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You don’t have to be an accounting expert to be a nonprofit board member, but you should know the basics. Check out our guide and brush up on the accounting basics that every nonprofit board member should know!
Read moreRecently, the AICPA Auditing Standards Board issued a suite of standards that effect the Auditor’s Report. It places the auditor’s opinion at the front of the audit report and strengthens the transparency of the auditor’s opinion, clarifies responsibilities, and otherwise strengthens the audit process.
Read moreIn response to the COVID-19 pandemic, governments have implemented a number of relief programs to help businesses and nonprofit organizations. In this article, we discuss key considerations when accounting for COVID-19 Relief Grants.
Read moreLast Fall, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve transparency in the reporting of contributed nonfinancial assets, also known as gifts-in-kind, for not-for-profit organizations. Read the article to learn more about it.
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