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Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of Topic 958, Not-for-Profit Entities, and employee benefit plans — must provide detailed disclosures about government assistance. Here are the details of the new rules.

It’s audit season for calendar-year entities. Will your auditor issue a clean opinion? Here’s what happens when auditors have reservations about the reliability of a company’s financial statements and its ability to continue as a going concern.

Is your board staring at financial red flags without knowing it? Although some warning signs — such as those experienced when the pandemic first hit — are obvious, others are easy to overlook. Here are

Most nonprofits aren’t required to undergo audits. But you may want to engage an auditor anyway. Here’s how to make the process go smoothly and reduce time and costs.

For all your staffers who enjoy working from home, there are also probably some who feel isolated and untethered without the structure and social aspects of onsite work. Here are some suggestions for keeping them connected.

Smaller nonprofit boards generally communicate more effectively and are more cohesive. Larger boards tend to have broader expertise. So how big (or small) should your organization’s board be?

Is now a good time for your nonprofit to launch a capital campaign? For starters, you’ll need supportive stakeholders and strong leadership. Here are some other essentials for a successful campaign.

Audited financial statements contain footnotes that disclose a wealth of useful information. Too often, however, no one bothers to read them.

Small business owners: Can you name the key differences between prepared and compiled financial statements?

Most nonprofits prefer unrestricted gifts, but you probably don’t want to say “no” to donations that come with a few strings. Just make sure you handle restricted gifts with care. Here’s how.