As hospitals and healthcare centers on the front lines of the coronavirus pandemic begin to tabulate the costs associated with combating the virus, they need to be mindful of the [...]
When preparing for financial statement audits, it is important to consider all related parties and foundations that directly support your organization. Whether the organization is defined as a support organization [...]
On May 20, 2020, the Financial Accounting Standards Board (FASB) voted to delay the effective date of revenue recognition (ASC 606) and lease (ASC 842) standards for all private companies. [...]
The National Collegiate Athletic Association (NCAA) has issued its 2020 Agreed-Upon Procedures guide, and it remains relatively intact compared to the 2019 version. However, we have noticed more changes this [...]
It’s difficult enough for higher education to face the existing challenges of COVID-19. Now, losses on endowments in the tens of billions of dollars add another threat—potentially lower spending allocations [...]
Some nonprofits are getting a welcome reprieve in deadline extensions for their Form 990 and federal single audit reports. IRS Form 990 and Similar Forms The Internal Revenue Service (IRS) [...]