GRF Financial Foresight

Insights from the team on the GRF blog

The COVID-19 Crisis Highlights Best Practices for Virtual Audits

By Thomas Netznik, CPA, Audit Manager, GRF CPAs & Advisors In recent years, nonprofits have begun investing in technology that not only appeals to a younger workforce, but also achieves some organizational goals related to digital transformation. Gone are the days when most organizations relied on paper documents and files, and not a moment too…

Read more ›

Retirement Plan Options during the COVID-19 Crisis

By Jennifer McCahill, CPA, Partner Individuals and organizations are looking for ways to gain access to cash during this time of financial and economic uncertainty. As Congress and the Administration discuss additional aid packages, we are seeing changes to the traditional regulations that would allow individuals and organizations to access funds through retirement plans. There…

Read more ›

OMB offers Relief for Recipients of Federal Financial Assistance Directly Impacted by COVID-19

On March 19, 2020, OMB issued M-20-17 authorizing agencies to provide short-term relief for certain administrative, financial management and audit requirements under Uniform Guidance (2 CFR 200) to recipients (including sub-recipients) affected by a loss of operational capacity due to the COVID-19 crisis. M-20-17 expands the reach of a memo issued earlier this month (M-20-11)…

Read more ›

Continuity of Operations Considerations for Nonprofits during a Pandemic

Business Continuity Plans (BCP) are important part of risk management and can include scenarios such as pandemics like the coronavirus, government shutdowns, natural disasters and cyberattacks. Risk management planning for a pandemic involves identifying risks and assessing the impact and developing mitigation strategies to manage risks. If your nonprofit does not have a plan in…

Read more ›

Elements of Successful Nonprofit Cybersecurity

By Darren Hulem, IT & Risk Analyst Nonprofits are more reliant on technology than ever before to deliver on their mission. The integration of digital technology into all aspects of the organization, or digital transformation, provides a number of new opportunities, but it also provides the possibility for additional security issues. Not only are there…

Read more ›

Visit our COVID-19 Response page for the latest news and resources.