In December 2013, the United States Office of Management and Budget (OMB) issued comprehensive grant reform rules titled “Uniform Administrative Requirements, Cost Principles, and...Read More
The Department of Labor (DOL) has made significant changes to the Fair Labor Standards Act (FLSA), the federal law that controls overtime pay. Under...Read More
On July 22, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory....Read More
In various reviews of the quality of Employee Benefit Plan audits, the Department of Labor (DOL) has found that firms with limited employee benefit...Read More
The financial soundness of a not-for-profit is of considerable interest to its donors, suppliers, employees, and volunteers, because they all have an interest in...Read More
Over one trillion dollars of commitments for SEC registrants was reported by the U.S. Securities and Exchange Commission as not being presented on their...Read More
Charitable organizations, fundraisers and sponsors must understand state charitable fundraising regulations and reporting requirements. Currently, 45 states and the District of Columbia have some...Read More
A policy and procedure manual is a key business tool for any organization that is very useful if correctly devised and implemented. There are...Read More
In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-12 to simplify plan accounting of investments for Defined Benefit...Read More
President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act on December 18, 2015. The Act contains several provisions affecting tax-exempt...Read More
