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- Preparing for the Future of Single Audits: Navigating the Latest AICPA Guidance
- Common Audit Requests for Selections and the ADM 15
- Documenting Board Approval for Payroll Contracts
- Travel Reimbursements – Tips for Uncommon Scenarios
- Why Segregation of Duties Matters in an IT Environment
- Don’t Hold Your Breath: Why Water and Wastewater Rates in Arizona Aren’t Falling Anytime Soon
- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
Tag Archives: nonprofit
Identifying Unrelated Business Income
It is a common misconception that all revenues generated by non-profit organizations are tax-exempt. However, as more non-profit organizations look to utilize creative avenues of revenue generation to support or expand existing services, each organization must perform the necessary analysis … read more
Posted in Articles
Tagged business income, Form 990, income tax, nonprofit, NPO
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Common SEFA Errors and How to Avoid these Hazards
What is the Schedule of Expenditures of Federal Awards (SEFA)? Oh yeah, it’s one of those documents my auditors are always asking about. Although it might seem like just another part of the audit preparation, the SEFA serves several very … read more
Posted in Articles
Tagged federal programs, financial report, government, grants, Michael Lauzon, nonprofit, Single Audit
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Small Business Office? No Worries! Tips for Effective Segregation of Duties
Proper segregation of duties is an important internal control for any organization. By segregating duties between multiple employees, an organization can strengthen its processes and procedures to better detect errors, increase productivity, and mitigate the risk of fraud. The process … read more
Posted in Articles
Tagged accounting, best practices, internal controls, nonprofit, segregation of duties, Shauna Brewster
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Arizona Use Tax – Does My Organization Need to Pay It?
Have you ever purchased something from an out of state vendor but were not sure if you owed use tax to the State of Arizona? If you answered yes, you are not alone! When trying to solve this problem, the … read more
Posted in Articles
Tagged accounting, government, nonprofit, NPO, purchasing, sales tax, tax, transaction privilege tax, use tax
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The Basics of Journal Entries
Presentation by Kenneth McGovern, Senior Consultant:
Posted in Videos
Tagged accounting, contributions, donations, donors, nonprofit, recognition
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Differences between Audits, Reviews and Compilations
Accounting firms can provide a host of different services to organizations. Three types of services that often get confused with each other are compilations, reviews and audits. This quick refresher will provide the core differences between the three services, as … read more
Posted in Articles
Tagged Arizona, assurance, attestation, audit, compilation, CPA firm, financial statement, internal controls, nonprofit, NPO, review
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Charitable Contributions: A Guide for Nonprofits
Presentation by Jill A. Shaw, CPA, Audit Partner:
Posted in Videos
Tagged accounting, contributions, donations, donors, nonprofit, recognition
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