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Checklists for Privacy, IT and Third-Party Risk
Assess your organization’s risk with these checklists Is your organization focused on the right issues when it comes to privacy, IT asset protection and third party risk management? To help clients identify and prioritize the most critical risks, GRF has developed comprehensive checklists that highlight vulnerable areas for most organizations. Use these checklists to analyze…
Business Continuity Planning
Business Continuity Planning Provides Organizational Resilience Unplanned disruptions can adversely affect the operations of any organization, no matter the size, putting it and its stakeholders at significant risk. Fortunately, strategic investments and scenario planning can give your organization a competitive advantage over those who are unprepared for a variety of contingencies. Business Continuity Plans (BCP)…
Risks and Rewards of Digital Transformation
Slide Deck Digital technology is changing the way associations operate. As we look toward 2020, digital disruption offers a number of benefits, but the risk associated with transformation is real and addressing that risk should be a top priority. The good news? With careful planning and coordination, association leaders can take action to combat risk…
Maximizing the Audit Experience for Nonprofits – Getting the Most Out of Your Audit
This seminar is designed to help companies understand timelines for the audit process, how the auditors think and some tips on how to maximize the entire process. This seminar is presented by Nonprofit Audit Partner Andreas A. Alexandrou, Nonprofit Audit Partner Walter B. Derengowski and Senior Manager, Outsourced Accounting and Advisory Services Elinor Litwack.
Maximizing Your Audit Experience at the Center for Nonprofit Advancement
Nonprofit organizations that are prepared ahead of time for an audit avoid making the audit an arduous process and, instead, gain insight and tips on achieving their financial goals and meeting donor expectations. This session is designed to help chief financial officers, controllers and other nonprofit accounting staff prepare for a smooth audit process. Accounting…
Common Management Letter Findings for Non-profit Organizations & Audit Preparations
For the fifth topic of the six part series GRF audit partners Jennifer Arminger and Robert Albrecht focused on the most common management letter findings for non-profit organizations that result from an annual financial statement audit and how to properly prepare for an audit, to minimize the risk of findings. They focused on the issues…
IRS Form 990 Reporting Issues
In our fourth topic of the six part series, GRF audit partner Jennifer Arminger and tax partner Richard J. Locastro will discuss the most common IRS Form 990 Reporting issues such as the public support test, UBIT, transparency of information, compensation, and more. Understanding and combatting these common issues helps make the Form 990 an…
Allocation of Functional Expenses and Overhead/Indirect Rates
In this second topic of a six part series, GRF audit partners Jennifer Arminger and Robert Albrecht will explore the commonly challenging topic of allocating expenses across various operations, including different methodologies and best practice recommendations. Additionally, we will dive into the topic of overhead allocations and how to accurately track and report overhead to…
Financial Policies and Procedures (Best Practices)
GRF audit partners Jennifer Arminger and Robert Albrecht presented the third topic in a six part series about non-profit industry best practices for financial policies and procedures. The seminar focused on common questions surrounding financial policies and procedures in both federally and non-federally funded organizations. The seminar provided guidance on certain required regulations under the new Uniform Guidance…
Understanding Financial Ratios, Analyzing Unrestricted Net Assets and Setting a Proper Reserve
GRF audit partners Jennifer Arminger and Robert Albrecht presented this opening topic in a six part series, focused on how to properly read financial statements of a non-profit organization including an in-depth look at unrestricted activities and net assets and how to set a proper reserve. Additionally, they took a look at several key financial ratios,…
New Year’s Resolutions for Your Nonprofit Finances
Tax Partner Dick Locastro provides updates, considerations, and the timeline and coordination for preparation of your form 990 once your audit is scheduled. Audit Partner Trevor Williams provides tips on preparation, auditor-auditee relationship, and accountability during your annual audit.