2015 News Archive

FASB Issues ASU 2016-14, Presentation of Financial Statements of Not-for-Profit

The FASB recently issued ASU 2016-14 to improve the presentation of financial statements of not-for-profit entities such as charities, foundations, universities, and nonprofit health care providers, etc.

Build Trust in Cloud Services – The SOC Standard

As cloud computing service models continue to be adopted as cost-effective, efficient technology solutions, customers of such companies are demanding high levels of assurance from service providers about the integrity, accuracy, and reliability of the services provided to them.

Work Opportunity Tax Credit Extension

Congress has extended the Work Opportunity Tax Credit to any new hire who began working after December 31, 2014. Click the link below for more information.

IRS Audits: What Could They Mean for Unrelated Business Income?

Nonprofits should consider the following precautions when allocating expenses and using NOLs from unrelated business activity.

Anti-Fraud Governance Checklist

To assess your organization’s anti-fraud governance practices, ask the following questions…

Nonprofit Fraud: It’s a People Problem, So Combat It with Governance

Skimming cash, purchasing schemes and financial statement fraud are three very different types of fraud that nonprofits must prevent, detect, and insure against…