Nonprofits

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Nonprofits: Are you ready for the new contribution guidance?

When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from contracts in 2014, it only added…

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Risk assessment: A critical part of the audit process

Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to…

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Nonprofits: New alternatives for reporting goodwill and other intangibles

Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified private-company accounting alternatives to not-for-profit organizations?…

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Internal audit 2.0: Paperless and continuous auditing trends

Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork, today’s auditor is learning to…

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Management letters: Have you implemented any changes?

Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business. That’s free…

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Third Quarter Industry Newsletters

Quarterly collection of current topics, news alerts and industry updates.   Auto Dealerships Newsletter – September 26, 2019 Business Valuation…

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Year-End Strategies to Reduce AGI

Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten ways to reduce your AGI…

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Auditing grant compliance

Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by…

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FAQs about CAMs

In July, the Public Company Accounting Oversight Board (PCAOB) published two guides to help clarify a new rule that requires…

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Volunteering for charity: Do you get a tax break?

If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions…