Five considerations for changing auditors
As your business grows, it's imperative to have an audit firm whose capabilities grow with you. Assess if it's time for a change.
Signs an Organization May Be Headed for a Potential Single Audit
Many organizations may not be aware they’re subject to a single audit. It can help to look at similar scenarios to determine compliance requirements when accepting funds greater than $750,000.
Addressing Risks in Your Health Care Organization
A successful risk assessment and internal audit can help locate high-risk areas within your health care organization.
Single Audit Deadline Delayed by Six Months
On March 19, 2021, the Office of Management and Budget issued a memo directing federal agencies to delay, by six months, the deadline for recipient organizations to submit Single Audits. The new deadlines are September 30, 2021 and March 31, 2022.
What’s Your Not-for-Profit’s Liquidity Policy?
It’s time to re-evaluate what liquidity actually means and how well-crafted policies can improve an organization’s operations, finances, and be a tool for educating the public, the Board, and management.
List of COVID-Related Grants Triggering Single Audits
Funding received from state or local governments may have originated in the Cares Act and may only be pass-through funding. Thus, the entity may be subject to a single audit requirement. Here is a list of CARES Act- and COVID-19-related programs that could trigger a single audit.
Is Your Not-for-Profit Organization’s COVID-19 Funding Triggering A Single Audit?
Part of the recovery funding for many not-for-profits has come from grants. While these funds have directly helped not-for-profits keep their doors open, many executives may not realize that some of these funds could trigger a single audit.
Whitepaper | Top 7 Internal Controls to Prevent Fraud
Fraud is difficult to avoid entirely. However, some types of fraud are much more costly than others. Thankfully, there are many ways you can help protect yourself from an expensive business loss. Here are the best methods for preventing payroll and accounting fraud.
What Every Organization Needs to Know About the Updated Three Lines Model and Risk Management
How should an organization measure and respond to risk?
DCAA Audit Protocol during the COVID-19 Pandemic
As the COVID-19 pandemic continues with no real end in sight the performance of traditional on-site audits by DCAA becomes a significant safety issue.