The COVID-19 pandemic has led to extraordinary challenges for nonprofit organizations and their leaders. While focusing on shrinking funding to continue their important missions, nonprofits must also grapple with the impact of remote work which has changed the nature of their operations and introduced new complexities for internal controls. In their roles as advisors, board members have a fiduciary duty to support overwhelmed nonprofit staff through these challenging times. Armed with the right knowledge, board members can also help the organization seize opportunities for digital transformation that will provide benefits well into the future.

Join GRF CPAs and Advisors’ nonprofit audit experts for an interactive discussion exploring the key financial challenges faced by nonprofit organizations during the pandemic and the critical lessons learned. The presenters will examine accounting and internal controls, the annual audit process, general operations as well as best practices to ensure effective governance continues at the organization.

The presenters for this webinar are both current board members of nonprofit organizations and bring both the auditor’s and board member’s perspectives to this important and timely discussion. Be sure to bring your questions!

Key Takeaways

  • Best practices to address the challenges nonprofits continue to face as a result of the pandemic
  • Critical updates to make to your financial procedures and internal controls
  • Changes in process to improve the efficiency of your next annual audit
  • How to turn remote work and changes in operations into an asset for the organization

Slide Deck

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Recording

Speakers

Walt Derengowski, CPA, CFE, Partner, Audit

Mr. Derengowski has over 15 years of public accounting experience with GRF CPAs & Advisors servicing the nonprofit sector exclusively. He manages audits for a wide variety of nonprofit clients like trade associations, charitable organizations, nongovernmental organizations, private foundations, political action committees and other similar institutions. He frequently travels internationally working with clients to audit federal award programs in accordance with the Uniform Guidance/OMB Circulars.

 

Omid Mohebbi, CPA, Manager, Nonprofit Audit

Omid Mohebbi, CPA is a manager with GRF CPAs & Advisors. He joined the firm in 2011 and specializes in audits of nonprofit organizations including foundations, associations and other charitable institutions, and audits of employee benefit plans. In his role, Mr. Mohebbi is responsible for managing audit engagements and serving as a client liaison throughout the planning, fieldwork and post-fieldwork stages of each audit.