Author name: WSI Reports

If your California nonprofit accepts federal funding, it must comply with “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.” This Uniform Guidance has recently been updated and amended in 2020. If your nonprofit hasn’t reviewed its procurement policies lately, now is an ideal time to ensure updated compliance on your own, or with the guidance of a California nonprofit audit.

Most nonprofits weren’t prepared for the scale of the COVID-19 pandemic. As your California-based organization dusts itself of this generational event, don’t return to the operations of the past. Now that your nonprofit’s weaknesses are revealed, you can strengthen it to prevent vulnerability to other, more common threats.

Nonprofit and broker dealer audit providers want you to know that new accounting rules are taking effect soon. If your nonprofit accepts contributions of nonfinancial assets like land, services, and supplies, you should be familiar with the updated Financial Accounting Standards Board (FASB) rules.

2020 has put a dent into the reserves of many nonprofits. If your nonprofit was affected, you might have tapped

Is your not-for-profit organization committed to benchmarking, or do you think it makes more sense for businesses? Experts in nonprofit audit services warn that if you don’t benchmark, you’re missing out on the benefits it provides charities and other nonprofits, such as attracting funders for obtaining long-term sustainability.

Many nonprofits spent 2020 dedicating their efforts to staying afloat. They were focused on improving their finances, some implementing new

The financial health of your nonprofit is dependent on clear communication between your accounting and development departments. When communication breaks down, it could result in conflict between staffers, inaccurate financial statements, and forfeiture of grant funds.