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Audit Partner Publishes Nonprofit Operating Reserves Article for Greater Washington Society of CPAs
Aug 23, 2012
Amy Boland, CPA, nonprofit audit partner at Gelman, Rosenberg & Freedman, published “The Importance of Operating Reserves for Nonprofits” on the Nonprofit Accounting Basics website, which is hosted by the Greater Washington Society of CPA’s Education Foundation.
The article discusses the significance of operating reserves for nonprofits, which can be used in the unanticipated event of significant unbudgeted increases in operating expenses or reductions of operating revenues. Ms. Boland provides advice on the factors nonprofit boards and executives should consider when making decisions about their operating reserves and how to determine the most appropriate size of reserves for their organizations.
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In the years that I have been working with Robert Albrecht, he has proven to be one of the most productive, reasonable and reliable auditors I have ever worked with. He takes his time analyzing the audit conditions at HQ and mission level before the audit to ensure that the time spent at our facilities is productive and can be 100% dedicated to the important task of finishing a reliable, complete audit in a timely manner
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