Articles

Articles

Trends in Financial Reporting for Privately Held Companies

By Richard Koch, CPADirector of Financial ReportingGray, Gray & Gray, LLP Amid chaotic market conditions, accurate and timely financial reporting is more essential than ever. While privately held companies do not have the legal reporting obligations incumbent upon a publicly-traded company, analysis of detailed financial data offers a level of insight for management that can …

Trends in Financial Reporting for Privately Held Companies Read More »

Articles

Planning Your Response to a Cyberattack

By Nathaniel C. Gravel, CISA, CISM, CRISC I spend my working hours doing all that I can to help clients avoid becoming a cyberattack victim. Layered defenses, penetration testing, constant monitoring, employee training, multi-factor authentication, “red team” simulated phishing – we use all the tools in our bag to identify and deter “bad actors” from …

Planning Your Response to a Cyberattack Read More »

Articles

Cyber Attacks Could Pose Threat to Materials Integrity

By Nathaniel C. Gravel, CISA, CISM, CRISC Forget ransomware. The latest cybersecurity threat could compromise the integrity of construction materials, creating the danger of structural collapse. According to an article on the Cybersecurity Dive website, online programs and automated systems used to control the manufacture and testing of construction materials have become targets for cyberattack. …

Cyber Attacks Could Pose Threat to Materials Integrity Read More »

Articles

Big Changes to “Limited Scope” Audits

The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) changed the audit standards applicable to audits of financial statements of employee benefit plans subject to ERISA. These standards impact what is currently known as “limited scope audits.” Now, the limited scope audit will no longer be an option, but will …

Big Changes to “Limited Scope” Audits Read More »

Articles

Choosing a Retirement Plan for Your Nonprofit

Traditionally, 403(b) plans have been the qualified retirement plan of choice for not-for-profits. These plans were established for the exclusive benefit of tax-exempt organizations. However, nonprofits now have other options as well. Even if you continue to prefer a 403(b) plan, as many nonprofits still do, it pays to review and weigh the benefits of other …

Choosing a Retirement Plan for Your Nonprofit Read More »

Articles

Paving the Way for Your Nonprofit’s Next Leader

Suppose the founder or long-time executive director of your not-for-profit organization is scaling back on her workload and making plans to retire. What will her departure mean for your organization? If your nonprofit has a well-crafted succession plan, it’s likely to survive any leadership transition. But if you don’t have a plan, your organization could endure …

Paving the Way for Your Nonprofit’s Next Leader Read More »

Articles

Cybersecurity Risk Rises with Russian Attack

While we should always be on guard against suspicious emails and unknown links, the Russian/Ukrainian conflict that is filling our news feeds has ratcheted up the threat. The U.S. Cybersecurity and Infrastructure Agency (CISA) has issued a warning of the heightened risk of Russian cyberattacks against U.S. targets in response to sanctions that have been imposed. CISA …

Cybersecurity Risk Rises with Russian Attack Read More »

Articles

$75 Million in Mass. Small Business Grants Available

The Commonwealth of Massachusetts is making $75 million in new funding available for grants to small businesses in the state that have been impacted by the ongoing COVID-19 pandemic. The grants will be administered through the Massachusetts Growth Capital Corporation (MGCC) and applications are open on the MGCC website through April 4, 2022. $50 million of the …

$75 Million in Mass. Small Business Grants Available Read More »

Articles

IRS to Offer Alternative to Facial Recognition

After meeting resistance from citizens and Washington lawmakers, the Internal Revenue Service (IRS) scrapped its plan to require taxpayers to use facial recognition software to log on to their IRS accounts. While uploading a “selfie” to the ID.me third-party facial recognition platform remains an option, going forward the IRS will be using Login.gov to identify …

IRS to Offer Alternative to Facial Recognition Read More »

Scroll to Top