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Is Your Nonprofit Ready for the New EMV Credit Card Technology Change?
What Your Nonprofit Needs to Know to Lessen Liability In October 2015, United States credit card companies officially shifted from swiping credit and debit cards to the chip embedded technology...
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Is Your Organization Ready for Its Year-End Audit?
As the end of 2015 approaches, many organizations are in the process of preparing for their year end audits. By now, your auditor has contacted you to discuss the nature, timing, and extent of the work...
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The Nonprofit Finance Department of the Future
The Nonprofit Finance Department of the Future The nonprofit finance department of the future is mobile, agile, and insightful. The nonprofit finance department of the future has arrived today. The...
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How Closely are You Monitoring Your Third-Party Service Providers?
In May 2013, the Committee of Sponsoring Organizations (COSO) released the updated Integrated Internal Control Framework which is effective for fiscal years beginning after December 15, 2014. Although...
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Fixed Asset Management – Ways to Save Time & Money
By: Miles Workman, Controller, Outsourced Services Managing fixed assets is a critical function for every organization, but is often overlooked or not focused on because other areas require more...
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FASB Issues Much-Anticipated Revisions to Not-for-Profit Financial Reporting
On August 18, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of...
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Run More Efficient Meetings with OneNote
As a member of the management team, managing and attending meetings is part of our daily routine. And so a lot of my time is spent on gathering agendas, sending out meeting materials, jotting down...
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OMB Releases 2016 Compliance Supplement
By: Ariana Young, CPA The Office of Management and Budget released the 2016 Compliance Supplement on August 1, 2016. As expected, there were a few changes made in this latest version, but the changes...
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Don’t Fall for a Social Engineering Scam
Even the most sophisticated organization can be the target of an online attack scheme known as spear phishing. Spear phishing is an email that appears to be from top level management in your...
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First Impressions of FASB’s ASU No. 2016-14 Not-for-Profit Entities (Topic 958)
On August 18, 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. In a seminar held...
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