Finance teams, nonprofit leaders, and business owners do not need to track every technical update, but they should know which changes may affect upcoming audits, tax planning, reporting, and compliance. Here are a few recent and upcoming effective dates to keep on your radar.

A clean, well-supported audit does not happen by accident. It is usually the result of strong financial processes, good documentation, clear internal controls, and consistent risk management throughout the year. For nonprofit CEOs, the goal is not to become the auditor or the accountant. The goal is to understand the areas that most often create audit delays, findings, board concerns, or compliance issues. Here are key areas every nonprofit CEO should review before the next

Used responsibly, AI can be a valuable tool. But when AI touches accounting, financial reporting, internal controls, or audit support, it also creates new risks that management should understand. The issue is not whether AI is “good” or “bad.” The issue is whether the organization has the right governance, review, documentation, and controls around how AI is being used. If your company is using AI in accounting or finance, here are seven risk areas to review before your ne

Many organizations believe they have a vendor risk management process because they collect SOC reports, insurance certificates, security questionnaires, or compliance documents from their vendors. But collecting documents is not the same as reviewing risk.

Government agencies manage vast resources that impact public services and community well-being. Ensuring these resources are used efficiently and transparently requires strong oversight. Annual audits play a critical role in this process by identifying weaknesses and opportunities for improvement. Yet, many governments face recurring audit deficiencies that hinder effective oversight and resource management. This post explores common audit shortcomings, recommends practical i

Nonprofit organizations face unique challenges when preparing for audits.