Audit & Assurance Archive
Accounting Hygiene: The Critical Backbone of Mergers and Acquisitions
This article was originally published September 26, 2024; It was updated October 2026 with a revised introduction and additional r… Read More
GASB Implementation Guide No. 2026-1 Clarifies Subsidies Under GASB 103
Written by Lauren Hausner, CPA, CGFM The Governmental Accounting Standards Board (GASB) has released Implementation Guide No. 2026… Read More
What Not-for-Profit Federal Grant Recipients Need to Know About OMB’s Proposed Uniform Grants Regulation
Overview of OMB’s Proposed Subpart F Changes to the Uniform Guidance On May 29, 2026, the Office of Management and Budget (O… Read More
Variable Consideration Under ASC 606: A Practical Guide for Mid-Size Manufacturers
What Is Variable Consideration in Revenue Recognition? For many manufacturing companies, revenue recognition under ASC 606 appears… Read More
Lease Changes Under ASC 842: When to Remeasure and Reassess
Written by Breanna Fletcher, CPA Not-for-profit organizations often manage a diverse lease portfolio, including facilities, office… Read More
Building Strong and Effective Audit Committees
This article was updated in July 2026 to reflect current governance and audit committee best practices. Not-for-profit orga… Read More
GASB 103 Proprietary Fund Statement of Activities: Key Reporting Changes and Implementation Guidance
Written by Lauren Hausner, CPA, CGFM What Is GASB Statement No. 103? GASB Statement No. 103, Financial Reporting Model Improvement… Read More
Preparing for a U.S. Government Shutdown: Practical Tips for Not‑for‑Profit Organizations
Federal agency shutdowns or significant funding lapses have become not uncommon over the past 10 years and, more recently, have te… Read More
OMB Proposes Sweeping Changes to the Uniform Guidance
The federal grant landscape is shifting quickly and significantly. OMB has proposed sweeping revisions to the Uniform Guidance (2… Read More
How to Prepare for a SOC 2 Report: A Readiness Assessment Guide
Written by Haelyn Seo, CPA. If your organization handles customer data, clients expect proof that their information is safe. A SOC… Read More
