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 … Read More
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 … Read More
California nonprofit 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. … Read More
2020 has put a dent into the reserves of many nonprofits. If your nonprofit was affected, you might have tapped into reserves to buy protective equipment or pay staffers’ salaries when your budget didn’t prove adequate. As COVID wanes and the economy improves, your nonprofit needs to strategize how … Read More
Now that health providers are vaccinating populations in earnest, nonprofits are beginning to emerge from one of the most challenging events in recent memory. Your nonprofit might be in good shape, but don’t get comfortable if you haven't had a California nonprofit audit service in the past year. … Read More
Is your not-for-profit organization committed to benchmarking, or do you think it makes more sense for businesses? Experts in California 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 … Read More
Many nonprofits spent 2020 dedicating their efforts to staying afloat. They were focused on improving their finances, some implementing new processes recommended by nonprofit audit services. During this time, most nonprofits didn’t spare many resources or much energy on public relations. But as 2021 … Read More
The financial health of your California 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. Below are four … Read More
The Public Company Accounting Oversight Board (the “PCAOB”) recently released its annual report of findings in audits of broker dealers under its interim inspection program. For the ninth year in a row, the report indicates that the PCAOB continues to see a high level of broker dealer audit … Read More
The purpose of performing broker dealer audits and requiring regular reporting is to verify that broker dealers are compliant with regulations intended to protect investors. The broker should implement consistent internal investigations to assure this goal, but audits are the primary tool used by … Read More