OMB updates the Uniform Guidance

OMB updates the Uniform Guidance

The Office of Management and Budget (OMB) released revisions to the Guidance for Federal Financial Assistance located in title 2 of the Code of Federal Regulations (CFR). Commonly referred to as 2 CFR. The effective date is October 1, 2024. Federal agencies may elect to apply the final guidance to Federal awards issued prior to…

Read More

Subrecipient vs. Contractor: What’s the Difference and Why it Matters

At a glance: Schedule a consultation with Aprio today. The full story: The distinction between subrecipients and contractors is critical because it determines whether compliance with subrecipient monitoring regulations apply (at 2 CFR 200.332 Requirements for Pass-through Entities) or procurement regulations apply (starting at 2 CFR 200.318 General Procurement Standards). The steps you must take…

Read More

The Aprio Foundation Empowers Nonprofit Organizations Across U.S. with Community Impact Grants

The Aprio Foundation Empowers Nonprofit Organizations Across U.S. with Community Impact Grants

37 Nonprofit Organizations Awarded by the Aprio Foundation in 2023 ATLANTA – Jan. 17, 2024 – The No. 1 Fastest-Growing Accounting Firm in the U.S., Aprio, LLP, is pleased to announce the recipients of the 2023 Community Impact Grants from its charitable arm, The Aprio Foundation. Demonstrating a steadfast commitment to philanthropy, the foundation granted…

Read More

Making an Effective Risk Assessment Plan

At a glance: Schedule a consultation with Aprio’s non-profit specialists today. The full story: The management and protection of financial resources is a crucial concern for all non-profit organizations. By undertaking an initial financial reporting risk assessment, an organization is more likely to achieve its mission and become more effective in its operations. The risks…

Read More

Protect Your Organization with an Effective Control Environment

Control Envrionment Discussion

At a glance: The full story: All organizations need to have some type of underlying internal control framework or system of internal control. Even very small non-profit organizations with just a few employees have processes that could contain reviews and/or approvals by management before transactions are entered into and posted to the accounting records. To…

Read More

The Aprio Foundation Awards $67,500 to Nonprofit Organizations Named Community Impact Grantees

charity donation concept illustration

Firm’s charitable arm awards 12 nonprofit organizations with grants for third quarter 2022 to support impactful programs and missions  ATLANTA – December 21, 2022 – Nationally ranked business advisory and CPA firm Aprio, LLP is proud to share that the firm’s charitable arm, the Aprio Foundation, has awarded 12 grants totaling $67,500 to nonprofit community partners. The…

Read More

FAQs: Applying for the Restaurant Revitalization Fund Grant

At a Glance: On April 17, the U.S. Small Business Administration (SBA) released its landing page about the Restaurant Revitalization Fund (RRF) grants, serving as a comprehensive guide to the program. The SBA has also released a sample RRF grant application. The application portal could be open as soon as May 1, 2021. On April…

Read More

Federal Reserve Contemplates Main Street Lending Program Eligibility for Nonprofit Organizations

On June 15, 2020, the Federal Reserve announced expanding the Main Street Lending Program (MSLP) for nonprofit organizations that are tax-exempt under section 501(c)(3) or 501(c)(19) of the Internal Revenue Code. In the press release, the Federal Reserve announced it is seeking public comment on a proposal to offer small- and medium-sized nonprofit organizations with…

Read More