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GASB is undertaking a major project on going concern uncertainties and severe financial distress, as well as pre-agenda research activity on subsequent events, as part of its technical plan for the first four months of this year. Continue Reading
State and local governments will have increased flexibility to pursue a wider range of uses under the State and Local Fiscal Recovery Funds (SLFRF) program as a result of a new final rule issued Thursday by Treasury that takes effect April 1. Continue Reading
When you have formal reporting mechanisms in place for fraud, you are setting the foundation of fraud reduction. Here are five steps you can put in place no matter what size your organization is to decrease your risk of fraud. Continue Reading
As some state governments have adopted GAAP into their budget preparation practices, loopholes have allowed elected officials to obscure the truth from taxpayers. Continue Reading
The single audit can be overwhelming, but it's still about following the steps. Continue Reading
How can not-for-profits accept cryptocurrency donations, as bitcoin and other crypto continues to gain popularity in the mainstream of finance? Continue Reading
To help exempt organizations "silo," or separately compute, their unrelated business or trade income, three experts who will be giving a presentation on the topic at the upcoming Not-for-Profit Industry Conference offer their thoughts. Continue Reading
The post-pandemic corporate environment, including a movement toward stakeholder capitalism and an increased emphasis on agility. Continue Reading
For-profit entities are permitted to use the not-for-profit conditional contribution accounting model to account for Paycheck Protection Program loans. The accounting requires reasoned judgment, careful evaluation of barriers and thorough documentation. Continue Reading
TE/GE has updated its Compliance Program and Priorities webpage, which provides information about initiatives under each compliance program’s six components that work together to promote compliance by tax-exempt and government entities. Continue Reading