Not-for-Profit Reporting of Gifts-in-Kind – Accounting Standards Update No. 2020-07
Join GRF’s nonprofit audit experts Ricardo Trujillo, CPA, and Omid Mohebbi, CPA, for a comprehensive webinar on this critical ASU affecting those nonprofits that receive contributed nonfinancial assets. The effective date for the ASU is fast approaching and nonprofits should be fully prepared for the changes and the additional records they will need to keep….
Webinar Series: Indirect Rate Toolkit for Nonprofits with Federal Grants – Part I
If your nonprofit receives funding from a federal grant (either directly or via a sub-award), you should take proactive steps to recover the maximum amount of indirect costs for your organization. Join GRF CPAs & Advisors for a four-part webinar series providing nonprofit organizations with everything they need to know about indirect rates under Uniform…
Breaking Down the Value of Digital Transformation for Nonprofits
Your investment choices should be driven by a strategy to achieve desired results Long gone are the days when accounting was driven by good old “T-accounts” and debits and credits. While the core principals of nonprofit accounting are largely unchanged, the role of accounting and finance professionals (and the information they provide) has evolved dramatically…
The Auditor’s Guide to Successful Virtual Audits for INGOs
The global pandemic disrupted the important work of many international non-governmental organizations (INGOs) while also introducing new organizational risks and complicating their ability to meet grant compliance requirements. To assist INGOs during the unprecedented time, auditors leveraged technology and offered virtual audits while business travel and onsite visits were suspended. Although remote engagements allowed many…
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…
Changes in the Employee Benefit Plan Landscape for 2020 and 2021 Audits
Like many areas of our lives in 2020, Employee Benefit Plans also experienced a number of significant changes as a result of the pandemic and the CARES Act. Plan sponsors should take note that the approval of two new audit reporting standards, SAS 134 and SAS 136, will likely impact the performance and timing of…
Board Member’s Guide to Nonprofit Governance during COVID-19
The COVID-19 pandemic has led to extraordinary challenges for nonprofit organizations and their leaders. While focusing on shrinking funding to continue their important missions, nonprofits must also grapple with the impact of remote work which has changed the nature of their operations and introduced new complexities for internal controls. In their roles as advisors, board…
2020 Compliance Supplement Update
The Office of Management and Budget (OMB) has released new guidance on single audits in the form of a 2020 Compliance Supplement addendum. The update, which is aimed at federal programs under the CARES act, will impact many organizations who have been adversely affected by the COVID-19 pandemic. Join GRF’s nonprofit audit experts as we delve…
2021 Financial & Compliance Tools for Your 8(a) or Small Government Contractor Business
Start the New Year with all the tools your business needs to maintain contract compliance and excel financially. Join GRF’s Government Contracting Team for an overview of the compiled or reviewed financial statements required for 8(a) contractors at certain revenue thresholds. Participants will be able to anticipate what goes into the process for first-time compilations…
Roundtable Peer-to-Peer Discussion: Recording Contracts with Customers (Topic 606)
FASB’s Accounting Standards Update (ASU) 2020-05 – Revenue from Contracts with Customers (Topic 606) is shaking up how nonprofits recognize and report revenue. Whether you are a CEO, finance staff, or membership engagement staff, this roundtable brings you together with your nonprofit executive peers for a facilitated discussion around how nonprofits are implementing Topic 606….