Building on the first two webinars in the series, this session provides a nonprofit federal award recipient an example and walkthrough of how to build an indirect rate using the Department of Health and Human Services (HHS) Indirect Cost Rate Proposal template. The example uses the post-audit trial balance and the Statement of Functional Expense…
As the industry moves towards a paperless environment, the virtual or remote audit is becoming more popular. Is it right for your organization? If your organization is considering it for the first time in the midst of the COVID-19 crisis, what should you consider and how should you start to implement virtual practices? FAR hosted…
Many charitable organizations find themselves in a time of crisis as the global economy slows to accommodate social distancing. The good news? The most recent economic recession taught us that staying connected with donors, remaining focusing on the organization’s mission and becoming even more strategic about fundraising efforts will help organizations survive most disruptive events….
The coronavirus (COVID-19) pandemic has already had widespread effects on the U.S. economy. Demand for many goods and services has stalled. Unemployment claims have skyrocketed. And many schools and businesses are operating online — if at all. Life has changed dramatically across the country. The federal government has been working on various relief measures to…
This webinar led by our tax and accounting experts walked participants through the PPP loan requirements for forgiveness. They provided practical steps you should follow to allow your organization to achieve its forgiveness goals and develop a workable plan for the future. Topics: SBA rules for PPP loans and criteria for forgiveness Applying for loan…
By: Melissa Musser, CPA, CITP, CISA, Risk & Advisory Services Principal, and Darren Hulem, IT and Risk Analyst The COVID-19 crisis, with a new reliance on working from home and an overburdened healthcare system, has opened a new door for cybercriminals. New tactics include malicious emails claiming the recipient was exposed COVID-19, to attacks on…
Join GRF for a webinar led by our tax and accounting experts who will walk participants through the PPP loan requirements for forgiveness.
The second webinar provides participants with an overview of the Cost Principles, Subpart E to Uniform Guidance. The cost principles provide the framework for direct and indirect cost allocation, the reasonableness criteria, offsets for related revenue, and what is allowable (or not an allowable) reimbursement on federal grants and cooperative agreements. Topics Understanding the categories…
This webinar is an overview of the changes that will occur with retirement plan audits under the new standard issued by AICPA, SAS No. 136 Forming an Opinion and Reporting on Financial Statement of Employee Benefit Plans Subject to ERISA. This webinar discussed how the roles as administrators of the plan will change during the audit…
By Jennifer McCahill, CPA, Partner Individuals and organizations are looking for ways to gain access to cash during this time of financial and economic uncertainty. As Congress and the Administration discuss additional aid packages, we are seeing changes to the traditional regulations that would allow individuals and organizations to access funds through retirement plans. There…