GRF Financial Foresight

Insights from the team on the GRF blog

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Audit and Assurance, Employee Benefit Plans

Updated Management Responsibilities Under SAS 136

by Jennifer McCahill, CPA, Partner The implementation of SAS 136 is finally here. After being delayed an additional year during the pandemic, this new standard represents the first significant change to employee benefit plan audits in the past several years. For organizations subject to an audit of their retirement plan, below are several changes that…

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Accounting Technology | Businesses and Individuals, Nonprofits and Associations

Tips & Tricks of the Month from Sage Intacct: Using Notations

An easy way to ensure that an account’s activity is clear to all team members is to create notations in the Financial Report Writer. With Notations, creators can quickly add a column anywhere in a report to provide notes and explanations. You can add notations for multiple accounts in the report or just a single…

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Cybersecurity, Enterprise Risk Management | Businesses and Individuals, Government Contractors, International NGOs, Nonprofits and Associations

IP Reputation: Are You Being Blacklisted?

GRF Cybersecurity Risk Assessment and Scorecard Blog Series     Your organization’s reputation can be influenced by a variety of factors including brand image, online reviews, social media presence, customer experience, and more. Each of these elements factors into the overall image of the organization. When it comes to your internet reputation, important elements are different…

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Cybersecurity, Enterprise Risk Management | Businesses and Individuals, Government Contractors, International NGOs, Nonprofits and Associations

Brand Monitoring: Tracking Your Social Footprint

GRF Cybersecurity Risk Assessment and Scorecard Blog Series     Have you ever wondered how end users view your company? Is your domain seen as safe and trusted? Is your website optimized? These are just some of the areas that business analytics tools assess to evaluate your brand. Every organization is adapting to the changing digital…

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Cybersecurity, Enterprise Risk Management | Businesses and Individuals, Government Contractors, International NGOs, Nonprofits and Associations

Web Ranking: How Do You Measure Up?

GRF Cybersecurity Risk Assessment and Scorecard Blog Series     While web ranking is not necessarily a security concern, having insight into the popularity of your website helps measure the success of ad campaigns, assess visitor engagement with your content, and identify opportunities for growth. Web ranking sites include Alexa, Cisco, and Majestic, and each site…

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Cybersecurity, Enterprise Risk Management | Businesses and Individuals, Government Contractors, International NGOs, Nonprofits and Associations

Fraudulent Applications: Are Attackers Pretending to be You?

GRF Cybersecurity Risk Assessment and Scorecard Blog Series     When downloading a new app, be sure it’s from a credible source. Hackers can create fraudulent applications that look very similar in name or appearance to well-known apps. To make matters worse, these fake apps can sometimes be found on trusted sites like the Apple or…

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Cybersecurity, Enterprise Risk Management | Businesses and Individuals, Government Contractors, International NGOs, Nonprofits and Associations

Fraudulent Domains: Are You a Victim of Typosquatting?

GRF Cybersecurity Risk Assessment and Scorecard Blog Series     Fraudulent domains look very similar to your organization’s domain name and are used to fool people into thinking they are interacting with you. These domains are often used in phishing attacks, which according to CSO Online, account for more than 80% of all reported security incidents….

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Audit and Assurance | Nonprofits and Associations

New Lease Standard: Practitioner Tips for Implementation of Topic 842

After helping numerous clients implement Accounting Standard Update (ASU) 2016-02, Leases (Topic 842), GRF’s team of audit specialists has compiled a list of tips, from their perspective as practitioners, to help organizations struggling with the new standard. Before considering the steps outlined below, it’s first helpful to understand the impact of Topic 842. Overview of…

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Accounting Technology | Businesses and Individuals, Nonprofits and Associations

Tips & Tricks of the Month from Sage Intacct: Using Checklists

Need to keep track of your team’s tasks and progress? Check out Sage Intacct’s Checklist feature, which is available to all subscribers of Sage Intacct. Intacct’s Checklists, mentioned in the 2021 release highlights, offers a more efficient way to assign tasks, enabling you to track high-level activities and clearly see the status of all tasks…

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| Nonprofits and Associations

Nonprofits Should Prepare Now to Accept Cryptocurrency

By Omid Mohebbi, CPA, Audit Manager, GRF CPAs & Advisors (GRF) Over the past year, there has been exponential growth in both the volume of cryptocurrency (crypto) donations to nonprofits and the number of nonprofits accepting such donations, either as cryptocurrencies or as liquidation to cash at the time of donation. This growth has been…

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