Reporting on the Design of Internal Controls
In connection with pre-award surveys, many businesses and nonprofit organizations applying for federal funds are requested to obtain a report on the suitability of their internal controls.
Entries for month: February 2009
More Charities Filing for Bankruptcy
Many nonprofit organizations now elect to go through bankruptcy proceedings rather than to simply dissolve when they encounter financial difficulties.
IFRS for Nonprofit Organizations?
International Financial Reporting Standards are on their way to the U.S. But it's not yet clear which entities will be using them.