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RESOURCES

Whether you're a business owner or a financial professional, our comprehensive selection of articles, guides, and tools will provide you with the knowledge and support you need. Stay informed with the latest industry updates, deepen your understanding of key concepts, and make confident, informed decisions with these valuable resources at your fingertips.

Avoiding Deficient Not-for-profit Audits

Better planning could prevent deficiencies in not-for-profit audits. Most recent peer review insights suggests that insufficient or inadequate documentation was the most common problem in not-for-profit audits.

IRS Guidance on Record Retention

The length of time for which an entity should keep a document depends on several factors, including the action, expense or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. Additionally, review grants and contracts for any special terms and conditions applicable to related documents and records.

Office of Federal Financial Management

The Current Compliance Supplement provides essential guidance for auditors that perform single audits. Auditees should become familiar with this guidance as well to facilitate compliance with the required terms and conditions of federal awards management.

Technology in the Workplace

Technology has become an integral part of our daily workplace operations, revolutionizing how we work for the better. From keycards for secure office entry to virtual meeting tools, customer management systems, and employee productivity tools, technology exists in every aspect of our business processes. Embracing technological advancements is critical as they continue to reshape and enhance our workplaces.

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