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5 Ways Not-for-Profits Can Detect and Prevent Fraud
This article discusses small steps that will make a big difference in preventing theft of assets and unsubstantiated spending, two of the most common types of fraud...
Article Governance Intermediate
Compliance Issues for Fundraising Organizations
Special events generate a great deal of excitement, but they can also result in headaches if compliance issues are overlooked.
Article Tax & regulatory Intermediate
New Revenue Recognition Model to Affect NFPs
This page provides an overview of the new revenue recognit ion standards and its affect on not-for-profits.
Article FASB financial accounting & reporting Foundational
3 Things Not-for-Profits Need to Understand about their Finances
This article explores three things not-for-profits need to understand about their finances in order to run a more effective organization.
Article Tax & regulatory Foundational
How NFPs should allocate joint costs
Not-for-profit management and auditors have the responsibility to make sure that costs are properly allocated for activities that serve their mission and also include...
Article Functional expenses & joint costs Foundational
Illustrative Financial Statements - Not-for-Profit Entities
These illustrative financial statements and related disclosures have been created to serve as a non-authoritative example of a possible presentation of a complete set...
Article Financial statement presentation Intermediate
Common Financial Statement Errors
This document contains a series of lists developed to serve as a non-authoritative illustration of some financial statement errors commonly found in small and...
Article Financial statement presentation Intermediate
Considerations for Auditing Alternative Investments
This article provides considerations for auditing alternative investments.
Article Alternative investments Intermediate
Distinguishing Contributions from Exchange Transactions
This chart may be helpful in determining whether individual asset transfers are contributions, exchange transactions, or both.
Article Contribution revenue & agency transactions Intermediate
Functional Expense Classification
This article provides an overview of the financial reporting requirements under GAAP and offers some tips for designing and optimizing your NFP's expense allocation...
Article Functional expenses & joint costs Foundational
Payments in Lieu of Taxes
For not-for-profit entities, payments in lieu of taxes (PILOT) are amounts paid to a state or local government in place of taxes, most commonly property taxes. Read...
Article Tax & regulatory Intermediate
Checklist of Communications to Management and Those Charged with Governance
Download this reference checklist to see a listing of required communications to management and those charged with governance. It includes references to the applicable...
Tool Audit Advanced
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