Non-Profit

Articles

Why the Quality of Your Audit Matters

By Michael Cecere, CPA, MST Gray, Gray & Gray, LLP Most Certified Public Accounting (CPA) firms provide audits of financial statements. But that does not mean all audits are created equal. Although there are accepted standards for the audit process (Generally Accepted Auditing Standards, or GAAS), the quality and accuracy of audit examination and reporting …

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Koch’s Corner: Goodwill Triggering Events

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray In March 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2021-03, “Intangibles – Goodwill and Other (Topic 350) …

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Press Release

Tomorrow Education Foundation Building Schools – and Hope – for Children in Cameroon

Canton, MA (February 17, 2021): Creating opportunity through education in one of the world’s poorest countries is a tall order. But that is a challenge eagerly accepted by Blaise Mbargorba, a 7-foot tall basketball player who recently graduated from Boston University. A native of Cameroon, Mbargorba, he was able to turn his height and athletic …

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Articles

Why Non-Profits Need to Think Strategically

By Michael L. Cecere, CPA, MST Gray, Gray & Gray, LLP Non-profit organizations that exist to address the needs of society occupy a special place in the business universe. Whether the mission is to provide support for disadvantaged communities, enlighten lives through art and culture, fund medical research, further a cause, or any one of …

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Koch's Corner

Koch's Corner: Staggering Effective Dates for Accounting Updates

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray Accounting standards are the bedrock on which CPAs and other financial professionals base their judgements. But sometimes even bedrock shifts, and accounting standards, …

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Koch's Corner

Koch’s Corner: Accounting Changes for Non-Profit Contributions

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray In 2018, the Financial Accounting Standards Board (FASB) issued ASU 2018-08 clarifying the scope and the accounting guidance for contributions received and contributions …

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