Taking donations online is a huge benefit to nonprofit organizations, but online payments also expose potential risks. To safeguard their operations and donors’ financial information, nonprofits must prioritize Payment Card Industry (PCI) compliance and third-party risk management. Nonprofits are at a higher risk of credit card test attacks than other organizations due to certain functionality…
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The Auditing Standards Board of the American Institute of CPAs, has released a new auditing standard that will impact nonprofits, private companies, and governmental entities. Statement on Auditing Standards (SAS) 145: Audit Evidence is effective for audits of financial statements for periods ending on or after December 15, 2022. In other words, SAS 145 will…
Recognized for the firm’s commitment to providing superior technology solutions to small and medium-size businesses and nonprofit organizations, GRF CPAs & Advisors (GRF) has joined Information Technology Alliance (ITA), a highly regarded association of top value-added resellers (VARs), public accounting firm leaders and technology product/service providers. This invitation was extended to GRF because of the high level of support and service the firm has provided businesses in their market and for their commitment to being a leader in the industry.
Early detection can limit the impact of fraud, and insider tips are by far the most effective source. Having a comprehensive whistleblower program in place is a powerful tool for identifying this potential fraud or misconduct. Join GRF as we discuss the process for establishing a secured incident reporting platform that includes online reporting, document…