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All About Audit & Assurance (8)

3 Things Nonprofit Board Members Should Know About Financial Statements

There are certain things every nonprofit board member should know about the financial statements of the organization. After all, many board members work in for-profit businesses. There are significant differences between for-profit and not-for-profit...
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Do You Need An Audit, Review or Compilation?

Business owners should consider the level of assurance they need from their accounting firm. Let's talk about audits, reviews and compilations.
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The Face of Fraud in Nonprofits

Most everyone likes to think of their employees as being honest and incapable of fraud or other wrongdoings. Unfortunately, that’s not always the case. Consider the following example inspired by a real-life event in a nonprofit organization.
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Five Things Nonprofit Board Members Should Expect Out Of An Audit

The accounting profession has been dealing with what we call the “expectation gap” probably for as long as audits have been performed. There have been many attempts to bridge that gap but it has been a very slow and tedious process.
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