Top Five Ways to Prepare for a Single Audit
Any nonfederal entity that expends $500,000 or more in federal awards is subject to a single audit in accordance with Office of Management and Budget (OMB) Circular A-133. Here are five ways to prepare for your single audit. More
The Pursuit of Nonprofit Transparency in the Digital World
The speed, efficiency, and real-time access of the internet have transformed fiscal accountability and transparency in nonprofits from a high ideal into an everyday reality. Organizations of all sizes are now posting financial statements, annual reports, tax forms, and other material online for the whole world to see. More
Update: Congressional Hearing on Exempt Organizations
On May 16, 2012, the Ways and Means Subcommittee on Oversight held a hearing focusing on current IRS compliance initiatives related to nonprofit colleges and universities, the reporting requirements for tax-exempt hospitals, good governance standards, and the redesigned Form 990. More
IRS Recommends Revamp of Form 1023
In its Report of Recommendations, an IRS advisory panel has recommended that Form 1023 be updated for the first time since 2006. Form 1023 is used by organizations to file for recognition as tax exempt under Section 501(c)(3). More
AICPA Conference Presentation: A Practical and Tactical Approach to Implementing Enterprise Risk Management
Jennifer Leary, CPA, of CliftonLarsonAllen’s Baltimore, Maryland, office, will present "A Practical and Tactical Approach to Implementing Enterprise Risk Management" at the AICPA Not-for-Profit Industry Conference. Attend the session at 7 a.m. on Friday, June 22. Register online.
The Answer Is in the Numbers
In the June issue of Association TRENDS, Nat Bartholomew, partner-in-charge of CliftonLarsonAllen’s associations and membership organizations practice, writes about combining financial results and nonfinancial data to explain trends, forecast results, measure satisfaction, and capture attitudes.