Don’t Run Afoul of Private Inurement Rules
Most not-for-profit executives are aware of the prohibition against private inurement. Generally, nonprofit directors and executives — and their family members — aren’t allowed to personally benefit from their positions while putting their organization at a disadvantage. Penalties for violating the private inurement mandate could include financial sanctions for violators and, in the rare worst-case scenario,…
Deadline Coming: Follow Up on Your PPP Loans
Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 million PPP loans, averaging $67,000. But all good things must come to an end. The PPP program stopped accepting loan applications on May 31, 2021….
SAS No 134-141 New Auditor Reporting Standards
New updates to SAS No. 134 are making fundamental changes to the layout of audit reports and overall information presented in order to enhance the communicative value and relevance of audit reporting. Join GRF audit experts for an interactive discussion on the overarching changes as a result of SAS No. 134 including the introduction of…