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The Auditor’s Perspective

Keeping Your Nonprofit’s Technology Modern, Safe and Cost-Efficient with an IT Audit

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For smaller or start-up nonprofits, infrastructure elements like information technology (IT) are often small and uncomplicated allowing the greatest flexibility and economy. The bad news is that while the organization is saving money, aging IT systems lack critical security features as well as the strategic and  functional advantages enjoyed by peers who have prioritized IT investments. What should you do if your organization has fallen behind the curve? Like any other large capital expense, the investment you make in IT should play a significant role in helping your organization achieve its mission. To ensure the alignment of investment with mission as well as current needs, small nonprofits should consider the following factors before upgrading or replacing current IT systems, or considering the cloud.

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We are #AuditorProud at GRF!

Every day at GRF, we celebrate our audit staff. But this year, on #AuditorProud Day, we let them tell us why they love being auditors!

“As an auditor, I am proud to serve the public interest through single audits because they are so heavily relied on by federal agencies and the taxpayers.” – Alexander Stansbury, Audit Associate

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Employers Should Review and Implement the Latest Revisions to the Form I-9

U.S. Citizenship and Immigration Services (USCIS) released a revised version of Form I-9, Employment Eligibility Verification on July 17.  Click here to download the revised form.

Form I-9 is used for verifying the identity and employment authorization of individuals hired for employment in the United States. All U.S. employers must ensure proper completion of Form I-9 for each individual they hire for employment in the United States, including citizens and non-citizens. The employer must examine the employment eligibility and identity document(s) an employee presents to determine whether the document(s) reasonably appear to be genuine and to relate to the employee and record the document information on the Form I-9. Employers must also retain Form I-9 for a designated period and make it available for inspection by authorized government officers.

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The Role of the Form 990: Developing a Strategy for Managing Your Charity’s Rating

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Just like in business, competition in the nonprofit sector is evolving each year. These days, individuals are continuously solicited over social media to volunteer and support various charities. Would-be donors are encouraged by the media and watchdog groups to be more conscious about how the money they give is ultimately used. Charity Navigator, Great Nonprofits and other websites have been gaining popularity among potential donors, who rely on these sources for accurate information to inform their giving decisions.

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Understand, Assign and Update: Best Practices for Compliance Under Uniform Guidance

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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.

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Springtime Isn’t Just About Taxes

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It’s springtime and it’s THAT time of year again…that’s right, it’s accounting system time.

Surprised?

While most businesses and individuals are hard at work on making sure they’re ready for tax time, many government contractors are also focused on a major bidding opportunity (proposals due mid-April).

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Omni-Circular: How the New Federal Regulations Affect Your Nonprofit Organization’s Audit

Nonprofit Audits and the CFR 200 –Uniform Administrative Requirements, Cost Principles and Audit

 

The CFR 200 “Uniform Administrative Requirements, Cost Principles and Audit” went into effect December 26, 2014. There are many regulation changes. This blog only focuses on audit threshold and requirements for procurement.

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Traveling and its Many Experiences: A Staff Auditor’s Perspective

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When I first interviewed with Gelman, Rosenberg & Freedman, my future senior manager at the time asked me, “Are you interested in traveling?” Based on my research, I knew that Gelman, Rosenberg & Freedman had an international clientele, so I enthusiastically responded, “Yes”. I thought that I would travel primarily within the United States and perhaps travel abroad from time to time, likely to other Westernized countries. However, I had the equation totally backwards.

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The Importance of Keeping Your Receipts

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I’ve often wondered if keeping your receipts is as easy and simple as it sounds (and looks!). The truth is, yes, it can be easy and convenient. The key is organization.

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Welcome to GRF’s new blog!

Along with our new website, Gelman, Rosenberg & Freedman is also launching a blog! Through firm updates, commentary on ever-changing laws and regulations and insights from the firm’s partners, we hope this blog will provide a useful addition to the many resources we already provide for our clients and visitors.

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Bob Albrecht has been our auditor for almost a decade for very real reasons.  He is a true professional who takes a pragmatic approach to operating in the most difficult of environments.