Category: The Auditor’s Perspective

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…

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

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…

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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…

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

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…

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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….

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Omni-Circular: How the New Federal Regulations Affect Your Nonprofit Organization’s 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. The Omni-Circular (200.501) increases the audit requirement threshold to $750,000, from $500,000. Additionally, in an effort to increase transparency and accountability, the Federal…

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The Importance of Keeping Your Receipts

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. No one, not even your auditors, wants to dig through a year’s worth of 10-inch stacked barely readable receipts just to find that one…

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