Blog
Provider Relief Fund Updated Single Audit Requirements
By Carla DeMartini, CPA What is the Provider Relief Fund? The Provider Relief Fund (PRF) is the federal program issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act…
Provider Relief Funds (PRF) Reporting Requirements Update
On June 11, 2021, Health Resources and Services Administration (HRSA) released a Reporting Requirements Policy Update related to provider relief fund reporting requirements. The updated Post-Payment Notice of Reporting Requirements…
FASB Proposes Improvements To Discount Rates For Lessees
On June 16, 2021, the Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) related to the Leases standard (Topic 842). The proposed ASU would improve the…
5 Steps To Maintain Donor Engagement In A Tumultuous Time
By Robby Vanrijkel COVID-19, the economy and political shifts have resulted in tumultuous times for many nonprofits. Organizational resilience depends heavily on securing funding, and organizations are seeking out new…
Coronavirus State And Local Fiscal Recovery Funds (CSLFRF)
By Stacey Powell, CPA, and Sam Thompson, CPA The Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) provide $350 billion in emergency funding for eligible state, local, territorial and tribal…
Revisions to the Uniform Guidance Affecting Recipients
By Tammy Ricciardella, CPA On Aug. 13, 2020, the Office of Management and Budget (OMB) issued Final Guidance on amendments to the OMB Guidance for Grants and Agreements (Uniform Guidance)….