Category: Audit & Assurance

Are You Doing Enough to Manage Risk
Are You Doing Enough to Manage Risk?

No matter what your mission, your nonprofit must protect financial and physical assets, human resources…

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What to Do If Your Nonprofit Receives an Audit Letter from the IRS
What to Do If Your Nonprofit Receives an Audit Letter from the IRS

The IRS has increased its scrutiny of nonprofits, auditing 8,000+ nonprofits (out of 1.6 million…

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PCAOB Adopts New Standard to Enhance the Auditor’s Report
PCAOB Adopts Standard to Enhance Auditor’s Report

On June 1, 2017 the Public Company Accounting Oversight Board (PCAOB) adopted a new auditor…

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Why Good Governance Depends on an Effective Audit Committee
Why Good Governance Depends on an Effective Audit Committee

Unlike public companies, nonprofit boards aren’t required to have audit committees. However, good governance practices…

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Advancing the Role and Effectiveness of Audit Committees
Advancing the Role and Effectiveness of Audit Committees

The following highlights recent guidance and related tools and resources for consideration by audit committees…

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Audit Committees: Increase Your Focus on Internal Controls
Audit Committees: Increase Your Focus on Internal Controls

During the December 2016 AICPA Conference on Current SEC and PCAOB Developments, multiple regulators emphasized…

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