Assurance
What are Donor-Imposed Conditions?
Donors can impose two different types of stipulations on contributions provided to nonprofits, restrictions and conditions. While donor-imposed restrictions specify…
Extension of Single Audit Filing Deadlines
On March 19, 2021, the Office of Management and Budget (OMB) released Memorandum M-21-20, Promoting the Public Trust in the…
Increase in Micropurchase Threshold Available Under Certain Qualifications
Under Uniform Guidance procurement guidelines, there is a concept of a micro-purchase threshold under which price analysis or comparison is…
What is the Difference Between a Procurement and a Subrecipient?
For audits under Uniform Guidance, one of the more common errors relates to making the distinctions between procurements through contractors…
What Should be Included on your SEFA?
Under Uniform Guidance, entities that expend more than $750,000 in federal funds are subject to a single audit. This requires…
FFATA Reporting Requirements
FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime awardees that enter into subawards for $25,000…
10 Ways You’ll Benefit from Sage Intacct Budgeting and Planning
The need for control over the budget has never been greater. Equally critical today is the need to quickly adjust…
The Remote Audit: Your New Normal
The COVID-19 pandemic caused us to rethink the way we work, and as a result, the way we work with…
Internal Controls in a Remote Workplace Environment
In an effort to #flattenthecurve of the coronavirus pandemic, many workplaces are going 100% remote. Every business should ensure that…
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