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