The Final Step of the Nonprofit Audit: Presenting Financial Statements to Your Board
The last step of the nonprofit audit is to present our audited financial statements and shiny, clean opinion letter to the board.
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The last step of the nonprofit audit is to present our audited financial statements and shiny, clean opinion letter to the board.
In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 (ASU 2016-14) to make improvements to the …
We don’t know where the funding is headed but I think we can all agree that changes are coming.
Accountability and transparency drive the DATA Act’s bold promise of better spending, improved outcomes, and more efficient government.
The real measure of a charity’s success is not in how well the return is on an investment, but rather how much that investment impacts the mission itself.
Procedures and processes that serve multiple purposes (e.g. compliance and information) have a much better chance of success than doing something just because it must be done.
How are trust and internal controls intertwined? That is what we will explore in this article.
Let’s take a look at five key financial management and reporting capabilities that your fund accounting solution should have in order to help keep your organization compliant and increase transparency to stakeholders.
Nonprofits can spend surplus amounts of time on workarounds for processes that should be intuitively streamlined within their financial system.
Somehow, you’re able to manage all of the money your organization raises each year without missing a beat. But it’s not always easy.
