Entries Tagged ‘Audit’:
filed in Audit on Sep.03, 2010
Many not-for-profit organizations are getting ready for their June 30, 2010 audits, and being as prepared as possible will make for a smoother and more efficient audit. Here are some tips to be “audit ready:”
• Make sure that you have all of your assets, liabilities, and net assets accounts reconciled. This should be done a regular [...]
Tags: assets, Audit, audit timeline, communication, fieldwork, journal entries, liabilities, net assets, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, preparation, reconciled
filed in IRS on Aug.17, 2010
As we discussed last week in The I.R.S. is Ready, Parts 1 and 2, The I.R.S. is now ready to test compliance with their new rules regarding the new 990 and other related issues facing not-for-profit organizations. The Tax Exempt and Governmental Entities Division of the I.R.S. has hired 155 new employees, with 100 of [...]
Tags: Audit, audit notification, audit ready, compliance, conflicts of interest, documentation, employee compensation, Form 990, governance check sheet, IRS, minutes, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit audits, not-for-profit examinations, not-for-profit organizations, related-party transactions, Tax Exempt and Government Entities Division, transactions
filed in IRS on Aug.12, 2010
As we discussed last Tuesday in The I.R.S. is Ready, Part I, The I.R.S. is now ready to test compliance with their new rules regarding the new 990 and other related issues facing not-for-profit organizations. The Tax Exempt and Governmental Entities Division of the I.R.S. has hired 155 new employees, with 100 of these new [...]
Tags: Audit, audit ready, auditors, compliance, correspondence audit, employment taxes, field audit, Form 990, IRS, IRS agents, IRS audit, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit audits, not-for-profit organizations, regulations, rules, Tax Exempt and Government Entities Division, tax-exempt status, whitstleblower
filed in Not-for-Profit Board on Apr.13, 2010
Last week our Lunch & Learn presentation was about Not-for-profit Board Governance. We added another session on April 23rd because we had such a great turnout for the original presentation. One of the take-away ideas a lot of attendees left with was preparing new members for board orientation by doing the following:
• Plan to meet with [...]
Tags: articles of incorporation, Audit, Board Governance, board meeting, board member manual, board member mentor, Board Orientation, budget, bylaws of incorporation, Committee lists, financial statements, mentor, minutes, Nonprofit Accounting, nonprofit accounting in Casa Grande, nonprofit Accounting in Scottsdale, nonprofit Accounting in Tempe, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, Not-for-Profit Board, program services, staff assignments, strategic plan document
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