Thursday, July 11, 2013
Gifts in kind valuation for nonprofits
and some of the related issues are addressed in this 2011 piece regarding some well-known charities http://www.charitywatch.org/articles/valueinwonderland.html
Monday, July 8, 2013
Nonprofit governance tips
to ensure that unexpected issues do not arise. 15 useful policies outlined in this article. http://journalofaccountancy.com/News/20138217.htm
Saturday, July 6, 2013
Nonprofits ripe for fraud?
See this article that discusses the necessity for internal controls in the mission driven NFP sector. Doing good is great, but do so with open eyes to the realities of the world, so that you can continue to "do good". http://journalofaccountancy.com/News/20138221.htm
Wednesday, July 3, 2013
GASB issues proposal for pension transition
to eliminate potential source of understatement by governments in the transition for GASB 68. Comments are being sought through 8/26 http://journalofaccountancy.com/News/20138266.htm
Tuesday, July 2, 2013
Issues with the way the U.S. Treasury
processes its consolidated financial statements. The 33 page GAO report issued June 28, 2013 report indicates some of the concerns. http://www.gao.gov/assets/660/655636.pdf
Thursday, June 27, 2013
Wednesday, June 19, 2013
AICPA responding to single audit changes
And expressing the concerns http://blog.aicpa.org/2013/06/3-ways-the-new-coso-framework-may-affect-your-business.html
Some of the various changes are discussed here.
http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/NewsAndPublications/GAQCALERT/2013/Pages/GAQCAlertNo211.aspx
Some of the various changes are discussed here.
http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/NewsAndPublications/GAQCALERT/2013/Pages/GAQCAlertNo211.aspx
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