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All About Audit & Assurance (6)

Nonprofit Accounting Tips from Nonprofit Auditors

We sat down with Lisa Johnson, CPA, and Richard Wolf, CPA to solicit a few tips from their experience working with nonprofit organizations.
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5 Things to Consider Before Issuing Your Nonprofit’s Next Audit RFP

Selecting an accounting firm for your nonprofit’s next audit can be a daunting task. Not only might you be unsure of which qualities to look for in a firm, but requesting and reviewing proposals can be a long and tedious process, requiring time and...
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Quick Guide: Unallowable Costs In Government Contracts

If you’re struggling to understand the difference between “allowable” and “unallowable” costs related to your government contracts, you are not alone. Even the most experienced government contractors struggle from time to time when it comes to...
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3 Reasons to Choose Your 401(k) Plan Auditor Very Carefully

Whether your organization has had a 401(k) plan in place for years, or you are just putting one into place, you know all about the seemingly endless string of documentation and regulatory requirements that hang over your plan like a dark cloud.
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Quick Guide: Functional Expense Classifications for Nonprofits

Nonprofit organizations are constantly under scrutiny as to how they allocate their functional expenses in their statement of activities. Unlike for-profit entities, nonprofits must provide a statement of activities in the financial statements about...
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Audited Financial Statements for Construction Companies: Are They Necessary?

Under current accounting rules, accountants are allowed to prepare compiled, reviewed and audited financial statements. Each service provides a different level of assurance, and as you move up the level of assurance, the cost to the business owner...
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