GRF Named a 2019 All Star Specialized Niche Firm By INSIDE Public Accounting
GRF was named to INSIDE Public Accounting’s (IPA) 2019 All Stars Specialized Niche Firms in recognition of the firm’s robust nonprofit practice that includes accounting, assurance, tax and advisory services. In its January 2020 IPA newsletter, IPA recognized firms that derive a higher percentage of their revenue from specialty practices than all other participating firms….
Internal Audit for Nonprofit Organizations
When is the last time your organization thoroughly evaluated its internal controls? If you are part of the management team or board of directors, internal control is part of your fiduciary responsibility. In addition to facilitating the fulfillment of mission and stated business objectives, internal controls protect organizations from fraud and help them avoid potential…
Forensic Auditing and Artificial Intelligence Help Detect Fraudulent Activity
By Mac Lillard, CPA, CFE, CITP, CISA, | Manager, Audit and Risk Advisory Services Fraud prevention is one of the most important aspects of an effective organizational risk management strategy. According to the Association of Certified Fraud Examiners (ACFE) 2018 Report to the Nations, there were 2,690 cases of occupational fraud, resulting in $7+ billion…
Internal Audit is a Critical Investment for Nonprofit Organizations
By their nature, tax-exempt entities are under extraordinary scrutiny. With the IRS, external auditors, donors, watchdogs and stakeholders all analyzing their finances, nonprofit organizations must implement effective internal controls that decrease the likelihood of fraud, accounting mistakes or other inappropriate accounting practices that could impact the organization’s finances and reputation. Many organizations who have established…