filed in Not-For-Profit (non-profit) Accounting on Feb.24, 2009
One question has stayed constant in my twenty-five years of audit and accounting service: What is the difference between and audit, a review, and a compilation?
These three levels of service provided by public accountants have one common requirement, the accountant or auditor must have a pervasive attitude of professional skepticism. We must question anything that [...]
filed in Grants on Feb.17, 2009
The Piper Trust is one of the most respected charitable organizations in the State of Arizona. Piper 101 is a great, free resource that should be experienced by most charitable organizations. You can never have too many best practices.
Kathy Hostetler, CPA
The Virginia G. Piper Charitable Trust makes grants to non-profit organizations that continue Virginia Piper’s [...]
filed in Fraud, Money on Feb.10, 2009
It’s common knowledge that all bank accounts should be reconciled on a timely basis. It also makes perfect sense for someone other than the person responsible for writing checks to be in charge of doing the reconciliations. However, a proper reconciliation is more than that. It also includes critical steps that look for check fraud [...]
filed in Not-For-Profit (non-profit) Accounting on Feb.03, 2009
Colette’s article highlights important information that all nonprofits should know about the IRS. Their website is full of very valuable information and a reference that we use consistently. One other site that you should be checking on a regular basis; Guidestar.
Check Guidestar on the internet to be sure that your information, as a nonprofit, [...]
Loading ...