Nonprofit organizations serve the public using funds contributed from donors, and are exempt from paying income tax. Because of their reliance on donors and their tax benefits, nonprofits are held ...

Some of the $1.7 million in public funds distributed the audit said, including charges to Netflix, Amazon and Target, lacked ...

I often receive calls from local nonprofit organizations inquiring about having a financial statement audit. The first thing I ask is “Why do you want to have an audit?” The responses vary from, “We ...

The IRS is underway with conducting audits of 35 §501(c)(3) hospitals, which it announced in June 2024, with a particular focus on “community benefit.” Targeted hospitals appear to be those who ...

Forming audit committees is becoming a more common practice in the nonprofit sector, offering an unbiased outlet to monitor the financial health of an organization. Appointed by the board of directors ...

Audit quality is one of the most discussed topics in the accounting and auditing profession. Audit quality involves both qualitative and quantitative elements, some of which are not easily measurable.

Sen. Doug McCrory used the Blue Hills Civic Association to distribute millions to other local nonprofits of his choosing, an ...

A forensic audit of the Blue Hills Civic Association has uncovered $208,000 in unsupported disbursements and widespread ...

State lawmakers approved a tax credit three years ago to fuel donations to nonprofits charged with giving tuition grants to children with disabilities to attend private school. But a recent state ...

The nonprofit Institute of Women and Ethnic Studies had potentially hundreds of thousands in fraudulent transactions on their latest audit. The Louisiana Legislative Auditor’s Office reported on the ...

State Sen. Doug McCrory, tied by a critical audit earlier this week to the delivery of millions of dollars in questionable ...