GRF Financial Foresight

Insights from the team on the GRF blog

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Advisory, Enterprise Risk Management, Internal Audit

Survey Highlights Pace and Complexity of Risks for Nonprofits

Enterprise risk management is becoming more common in the not-for-profit sector, but recent research finds that risk management practices are not keeping pace with the increased complexity of risks for nonprofits. On July 12, 2022, the Enterprise Risk Management (ERM) Initiative at NC State University published the 13th edition of its annual State of Risk…

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Accounting Technology | Businesses and Individuals, Nonprofits and Associations

Tips & Tricks of the Month from Sage Intacct: Interactive Custom Report Writer

Meet your specific reporting needs with Sage Intacct Interactive Custom Report Writer (ICRW). The ICRW is a modern visual reporting tool that delivers ease and speed of report creation. It offers an enhanced user experience along with analytical tools to address complex reporting needs. Learn More


| Government Contractors, International NGOs, Nonprofits and Associations

Overcoming Confusion Regarding FAR Cost Principles

By Paul Calabrese, Principal It may surprise you, but even government agencies get confused when it comes to which cost principles apply to a commercial government contractor (GovCon) versus a nonprofit organization. Typically, GovCons obtain federal procurement contracts while nonprofits receive financial assistance awards as grants or cooperative agreements. So, what happens when the agency…

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Accounting Technology | Businesses and Individuals, Nonprofits and Associations

Tips & Tricks of the Month from Sage Intacct: Customization

A great Sage Intacct tip is that you can customize your account to better suit your organization’s needs, creating a custom workspace that is appropriate and suited just for you. The system allows you to create custom dashboards in order to view the reports that matter most to you in a concise and real-time manner….

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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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