The Importance of Modernizing Internal Controls

The Importance of Modernizing Internal Controls

The COVID-19 pandemic brought the prevalence of remote work and electronic teamwork to a new level. When changes of this magnitude occur, organizations must update their internal controls to reflect the new environment. There are five components to an internal control...
The New Rule for Tax-Exempt Organizations

The New Rule for Tax-Exempt Organizations

Earlier this year the New York State budget contained a new filing requirement for certain non-profit organizations that solicit charitable contributions in the state. Organizations that file under Article 7-A and have gross revenue exceeding $250,000 must now file...
Special Purpose Frameworks

Special Purpose Frameworks

Bases of accounting other than generally accepted accounting principles, or GAAP, are a popular alternative to the numerous and sometimes complex GAAP accounting requirements. These bases are referred to as special-purpose frameworks. Entities that are good candidates...