Keeping Your Nonprofit’s Technology Modern, Safe and Cost-Efficient with an IT Audit
For smaller or start-up nonprofits, infrastructure elements like information technology (IT) are often small and uncomplicated allowing the greatest flexibility and economy. The bad news is that while the organization is saving money, aging IT systems lack critical security features as well as the strategic and functional advantages enjoyed by peers who have prioritized IT…
Alternatives to the Financial Statement Audit May Offer a Better Solution
The annual audit of financial statements is required for many organizations, often becoming a process their accounting staff has come to dread. For a lucky group, a review or compilation of their annual financial statements is adequate and is an attractive and less burdensome alternative to an audit. Understanding the difference can save your organization…
8 Steps for an Easier Audit
GRF Partners Ian Shuman and John Pace and Senior Manager Elinor Litwack recently presented a webinar on planning for an easier audit. Additional information including the webinar recording and PowerPoint slides are available here. The presenters provided 8 key takeaways to make your next audit easier based on years of experience assisting clients as members…
The Role of the Form 990: Developing a Strategy for Managing Your Charity’s Rating
Just like in business, competition in the nonprofit sector is evolving each year. These days, individuals are continuously solicited over social media to volunteer and support various charities. Would-be donors are encouraged by the media and watchdog groups to be more conscious about how the money they give is ultimately used. Charity Navigator, Great Nonprofits…
Leveraging an IT Assessment Can Protect Nonprofits from Cybercrime
“Cybercrime keeps climbing” was the key finding of the 2016 Global Economic Crime Survey recently completed by PwC. In fact, the survey results show cybercrime “jumping from 4th to 2nd place among the most-reported types of economic crimes.” While organizations are embracing new ways to make their operations digital for efficiency and effectiveness, criminals are…