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
Preparing for your annual broker-dealer audit should be a proactive agenda throughout your company’s fiscal year. Early preparation allows your business to stay compliant with the numerous rules and regulations. Failure to implement preemptive measures may result in an interruption of your … Read More
The requirements for broker dealer audits exist to protect investors. Once a year, a firm registered with the PCAOB must audit their broker dealers. Broker dealers are subject to a wide range of regulations and the auditing process ensures that an entity is compliant with all applicable … Read More
Increasingly, nonprofit organizations are adapting a new financial tool from the nonprofit world. Experts call these “financial dashboards,” and they are intended to track your company’s progress towards achieving its goals. Dashboards can also be used to take stock of your nonprofit’s current … Read More
Broker dealers registered with the Financial Industry Regulatory Authority and the Securities and Exchange Commission (SEC) are required to have an annual financial statement audit. Broker dealers with this requirement must use an accounting firm registered with the Public Company Accounting … Read More
Recently, the Federal Reserve announced a major change to the Main Street Lending Program, which is worth $600 Billion. Before the COVID-19 pandemic, only for-profit businesses with more than 100 employees could benefit from this government capital program. However, the Fed is now accepting … Read More
When times are tough, nonprofits rely on their board of directors for leadership more than ever. Unfortunately, not every nonprofit board is equipped to lead well in a crisis. They might not have enough people, or lack the knowledge and experience that is needed to meet the latest challenge. If your … Read More