Tag: nonprofit

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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Recent FASB Developments - First Quarter 2017
Recent FASB Developments – First Quarter 2017

This article provides a comprehensive overview of important, recent developments that have changed the financial…

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Corporate Sponsorship Money: Is It Taxable?
Corporate Sponsorship Money: Is It Taxable?

Nonprofits have pursued corporate sponsorships for years, with good reason. Effectively executed, sponsorships can benefit…

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How the New Changes to Lease Accounting Could Affect Your Nonprofit
How the New Changes to Lease Accounting Could Affect Your Nonprofit

In early 2016 a much-anticipated accounting standard was released on how to treat leases. This…

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Accounting and Tax Mistakes for Nonprofits
Accounting and Tax Mistakes for Nonprofits

The accounting function is key to your organization and should be reviewed regularly. The following…

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Nonprofits: Upgrade Your Internal Controls
Nonprofits: Upgrade Your Internal Controls

Reviewing the COSO Framework Can Help Perhaps you cringe when you see news stories on…

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FASB Clarifies Consolidation Guidance for Not-for-Profit Entities
FASB Clarifies Consolidation Guidance for Nonprofit Entities

The FASB recently issued ASU 2017-02[1] to clarify when a not-for-profit entity (NFP) that is…

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