Sherri RoseJun 11, 20192 minAudit Preparation: Preparing the Schedule of Expenditures of Federal Awards (SEFA)All nonprofit organizations that expend $750,000 and more are required to have a single audit under the Uniform Guidance One of the...
Sherri RoseJun 12, 20181 minSubrecipient Responsibilities for Grant Revenue pass-throughA subrecipient is an organization that receives federal awards from a pass-through entity rather than directly from the federal grantor...
Sherri RoseJun 13, 20171 minYear-end Financial Close for Nonprofit OrganizationsAll nonprofit organizations, even the smallest of nonprofits, benefit from having a well-defined year end closing process. The first...
Sherri RoseJun 7, 20163 minBest Controls for Small Nonprofits by Sherri Rose, CPA Nonprofit AuditorSmaller nonprofit organizations often do not have the volume of transactions to require multiple level controls. Too many controls can...