Tag Archives: nonprofit

Donations – A Quick Guide on How to Record Donated Items

Presentation by Kristen M. Conway, CPA Posted June 21, 2017

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Charitable Contributions – Substantiation & Disclosure Requirements

Presentation by Casey R. Good, CPA Posted May 23, 2017

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Practical Internal Controls for Small Organizations

Our firm works with organizations with varying staff sizes, but regardless of size, every organization must implement a system of internal controls over key financial processes and financial reporting.While this can be difficult for small organizations where many employees “wear … read more >

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Uniform Guidance – Brief Overview of the Methods of Procurement

Posted March 27, 2017 Presentation by Eugene Park:

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Using the “Green Book” to Set a System of Internal Controls

The Standards for Internal Control in the Federal Government, also known as the “Green Book,” sets the standards for an effective internal control system for federal agencies. These control standards are widely adopted by state and local agencies as part of … read more >

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What to Look Out for when Reviewing Bank Reconciliations 

The bank statement reconciliation process is one, if not the most critical, of an organization’s internal controls. To ensure appropriate segregation of duties, it is important that bank statements and reconciliations are reviewed by someone other than the preparer, especially … read more >

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Maintaining Your Organization’s 501(c)(3) Status 

When a non-profit organization is granted 501(c)(3) status by the Internal Revenue Service (IRS), it is required to follow certain guidelines and regulations set by the IRS.The IRS monitors and regulates these organizations to help ensure these organizations are meeting … read more >

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