Has your organization received letters from the Pennsylvania Treasury requesting remittal of unclaimed property? Since changes to the Commonwealth’s Unclaimed Property Act took effect in September 2016, state officials have…
The Assurance Tool That Boosts Prospects for Lenders and Borrowers
Once upon a time, financial statement audits were a significant requirement within the lending process. Thanks to the thorough audit process and resulting third-party validation of a borrower’s financial information,…
Avoid an Employee Benefit Plan Audit with These Form 5500 Compliance Tips
While it may seem like just another annual employment obligation, the federal Form 5500 is an important component of the Employee Retirement Income Security Act (ERISA), which outlines required minimum…
Seven Key Financial Metrics to Measure Nonprofit Health
Many factors play into a nonprofit’s financial status, but some categories are particularly indicative of underlying health and stability. Nonprofit leaders who recognize the importance of the factors below and…
Six Annual Financial Reporting Pitfalls and How Governments Can Avoid Them
The Comprehensive Annual Financial Report, or CAFR, is one of the most important financial documents prepared annually by governments. This voluminous report goes beyond the budget to provide a detailed…