Nonprofit Newsletter Spring 2017

In this edition:

Liquidity and Availability of Resources Changes

By Jack Murray, CPA, HoganTaylor Lead Nonprofit Partner

In this issue we will focus on liquidity and availability of resource disclosures. This aspect of ASU No. 2016-14 is intended to improve users’ assessments of liquidity, financial performance, availability of resources to meet cash needs for general expenditures, service efforts and ability to continue to provide services, and execution of stewardship responsibilities and other aspects of management performance. Read more

Nonprofit Fraud- The Importance of Segregation of Duties

By Jake Cranfield, CPA, HoganTaylor Assurance Senior

Proper segregation of duties is essential to all organizations, and can be one of the most important measures taken to prevent fraud.  Setting up processes to include more than one person will ensure that there are multiple opportunities to prevent fraud, which are extremely important to organizational success. Read more

Mergers and Acquisitions – Nonprofit Style

By Paul Hartog, CPA, HoganTaylor Assurance Partner

Mergers and acquisitions are something that many for-profit companies do to grow profits and achieve economies of scale. Read more

Meet the Hackers

Karen Schuler

This article outlines five key types of hackers. While these categories are broad and often overlapping, nonprofits of all sizes and across sectors should keep them in mind when examining their cybersecurity practices. Read more