The audit committee is generally responsible for selecting an independent auditor and overseeing the audit process, as well as reviewing financial information and monitoring compliance with the organization’s fiscal policies.
The Form 990 filing deadline for not-for-profit and exempt organizations is the 15th day of the 5th month following the end of the organization’s fiscal year.
A home renovation project inspired our Nonprofit Accounting Manager to think about all kinds of hidden treasures - not just those tucked away behind old walls, but also the unused skills and forgotten ideas that might benefit your organization if they’re brought into the light.
A new Accounting Standards Update will provide greater transparency regarding the amount of in-kind donations received by a nonprofit organization, as well as how their value was determined.
