Foreign Filing Requirements for Exempt Organizations
By: Janna Goudarzi, MST | Nonprofit Tax Manager Exempt organizations (EOs) may be required to provide information on its activities conducted outside the United States on a number of information forms, including Form 990. These reporting requirements don’t just apply to EOs with foreign offices or overseas programs, and penalties for failure to comply can…
UG Compliance Requires Awardees Address Key Sub-Recipient Risk Areas
By: Tom Netznik, CPA | Nonprofit Audit Manager Whether your organization has historically provided sub-awards to domestic or international nonprofit organizations or is new to these types of transactions, there are important steps you should take to not only ensure compliance with federal regulations, but also protect your organization from possible loss due to unallowable…
Internal Audit is a Critical Investment for Nonprofit Organizations
By: Mark Tessar, CPA, CIA | Nonprofit Audit Supervisor By their nature, tax-exempt entities are under extraordinary scrutiny. With the IRS, external auditors, donors, watchdogs and stakeholders all analyzing their finances, nonprofit organizations must implement effective internal controls that decrease the likelihood of fraud, accounting mistakes or other inappropriate accounting practices that could impact the…
Manage International NGO Risk Effectively with an External Field Office Audit
By: Max Manley, CPA | Nonprofit Audit Manager International NGOs (INGOs) working overseas in the development and humanitarian response sectors face a unique set of challenges and risks from both an accounting and operational standpoint. Whether your role resides at headquarters (HQ) or in a field office, as an INGO leader your responsibilities include managing…
Fast-Track Your Compliance with the New UG Procurement Standard
The two-year deferral period for implementation of the procurement standards under Uniform Guidance (UG) is officially over. As of midnight on January 1, 2017, organizations receiving federal funds with a calendar year-end of December 31 MUST implement policies and procedures to ensure compliance with the standards effective immediately. Is your organization behind or struggling with…
Chart Your Course to Compliance Under the New Procurement Standards
Time is up for many nonprofits! The two-year deferral period for implementation of the procurement standards under Uniform Guidance (UG), Title 2, CFR 200 for non-Federal entities was officially over as of January 1, 2017. Effective immediately, federally funded organizations with a calendar year end of December 31 must implement appropriate policies and procedures to…
Understand, Assign and Update: Best Practices for Compliance Under Uniform Guidance
Uniform Guidance was implemented over two years ago, but many Federal award recipients are still challenged by compliance and struggle with the organizational changes necessary to meet the requirements. By following some simple best practices developed by organizations already successfully achieving compliance, non-Federal entities can easily implement policies and procedures to thrive under Uniform Guidance….
Overcoming the 3 Most Common (and Persistent) Implementation Challenges with Uniform Guidance
In 2014, the Council on Financial Assistance Reform (COFAR) implemented the Office of Management and Budget’s (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, or “Uniform Guidance” to replace the guidance of eight earlier OMB circulars. While the intent of Uniform Guidance was to streamline administration and improve “performance, transparency, and…
Best Practices for Managing Employees Working Overseas: “The Big Three List”
Since more and more NGOs are sending their employees overseas, and/or hiring host country and third country nationals at foreign posts, Gelman Rosenberg and Freedman (GRF) has been asked more and more frequently how to manage the accounting and human resource components as they relate to these personnel. Over the past few years, GRF has…