Bramasol

MAY 13, 2024

Key responsibilities of the PCAOB include: Setting Standards: The PCAOB establishes and enforces auditing, attestation, quality control, and ethics standards for registered public accounting firms. Enforcement: The PCAOB has the authority to discipline accounting firms and individuals for violations of PCAOB rules and securities laws.

Auditing 86

Auditing Compliance SAP Accounting Standards 86

The Charity CFO

JULY 12, 2024

Benefits of Accrual-Basis Accounting for Nonprofits Switching to accrual-based accounting can have a lot of benefits for nonprofit organizations. Many regulatory bodies and grantors require accrual-basis financial statements. By making the switch, you could open your organization up to more grants and funding opportunities.

Nonprofit 52

Nonprofit Accounting Budgeting GAAP 52

The Charity CFO

JULY 19, 2024

As an executive-level role, the CFO is in charge of guiding the overall financial strategy of the organization. Nonprofit CFOs are also responsible for clearly and accurately reporting financial data to the board of directors. An accountant takes on a higher level of responsibility than a bookkeeper.

CFO 52

CFO Accounting Nonprofit General Ledger 52

The Charity CFO

AUGUST 15, 2023

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52