Erica Y. Williams, Chair of the PCAOB, emphasizes that when quality control systems function effectively, quality assessments follow, and investors are better safeguarded. This underscores the importance of robust auditing practices in safeguarding stakeholder interests. Recent methodologies, such as those used in Tandem Observations, illustrate how feedback can enhance evaluators’ skills. The Mahatma Gandhi National […]

Form 990 is an annual tax return filed by nonprofit organizations in the United States to the IRS. It provides a comprehensive overview of a nonprofit’s financial activities, governance, and compliance with tax-exempt status requirements. However, the income limits for filing Form 990 depend on the size of your organization, particularly its gross receipts or

When preparing your year-end impact reports, you can anticipate how your balance sheet may be perceived and incorporate that into the narrative. Read our article on tracking business expenses; much of our guidance is transferable to nonprofit operations. Having a proactive system for tracking the movement of funds during the year is the most difficult

Recreational and medical cannabis use has been legalized in many states across the US, with varying regulations. Even in states where cannabis is legal, there may still be polices against its use in places such as workplaces, schools, and college campuses. If you’re considering purchasing cannabis, it’s recommended that you visit a licensed dispensary to