Blackman & Sloop has served the Triangle for more than 45 years
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Newsletter
Nonprofits Have Additional Time To Comply With New Lease Accounting Standards
By Lee Klumpp, CPA, CGMA In 2016, the Financial Accounting Standards Board (FASB) updated its lease accounting rules (ASC 842) and closed a diversity in practice in the previous standard….
Privacy Shield Invalidated – Nonprofits May Not Be Affected But Should be Aware
By Jibran Hussain, Andrew Tobel, J.D., CIPP/US, and Derrick King, CIPP/US In this highly interconnected, digitized global economy, cross-border data flows are imperative in maintaining and enhancing strong ties between…
FASB Issues ASU On Contributed Nonfinancial Assets
By Tammy Ricciardella, CPA On Sept. 17, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU), 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. This…

Blog
You Have Single Audit Questions, We Have Answers
Note: The Office of Management and Budget (OMB) is expected to release a compliance supplement addendum before the end of the year, which will outline audit requirements for many new…
Using Data to Create An Infrastructure Of Success
By Matthew Becker, CPA In today’s digital economy, every business is driven by data, and nonprofit organizations are no exception. For too long, many nonprofit organizations have lacked the incentive…
Is Your Organization Audit Ready?
Whether you are facing an audit for the first time or you have been audited for years, making sure that your nonprofit organization is ready might feel overwhelming. Here are…