2021 Compliance Supplement – A Summary of Major Changes: What Auditees Need to Know

Each year, the Office of Management and Budget (OMB) issues a 2 CFR Part 200, Appendix XI Compliance Supplement (Compliance Supplement). The Compliance Supplement provides a road map that auditors must follow when performing a Single Audit (established under the Single Audit Act of 1984),

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It’s Your First Single Audit, What Do You Need to Know?

In March 2020, in response to the ongoing COVID-19 crisis, Congress and President Trump passed and signed the $2 trillion economic stimulus bill known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

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Uniform Guidance Procurement: What to Expect in Your Single Audit

Grace periods are history and, by now, not-for-profit organizations (NFPs) administering federal grants subject to the Uniform Guidance must have procurement policies in place and operating in accordance with them.

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New Opportunities for Funding Indirect Costs

By Vincent Stevens, CPA, CGMA and Troy Rector, CPA

Imagine asking supporters of your nonprofit to donate to pay for all the administrative fees necessary to run the organization –

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