Single Audit Threshold: What the $1 Million Change Means
The single audit threshold is now $1 million. Learn what changed under the 2024 Uniform Guidance, who's affected, and what the new rules mean for your organization.
Nonprofit
Nonprofit Audit Committee: Do You Need One and What Should It Do?
Does your nonprofit need an audit committee? Learn who's required to have one, what a charter covers, and how to build a committee that actually works.
Single Audit Explained: When Federal Funding Triggers One
What is a single audit? Learn when federal funding triggers single audit requirements, who must comply, and what the process involves under 2 CFR Part 200.
Form 990 Red Flags Every Nonprofit Board Should Know
Learn the form 990 red flags that attract IRS scrutiny and donor concern: governance gaps, compensation errors, and functional expense misreporting.
Schedule of Expenditures of Federal Awards: How to Prepare the SEFA
Learn what the SEFA is, what must be included, and how to prepare the schedule of expenditures of federal awards for a clean single audit.
Not for Profit Accounting Standards: Statement of Functional Expenses
Not for profit accounting standards require nonprofits to allocate every expense to program, management, or fundraising. Here's how to do it right.
Yellow Book (GAGAS) Audits: When Are They Required?
A yellow book audit is required when federal funding, statute, or grant terms trigger GAGAS. Learn who needs one and how it differs from a standard audit.
Nonprofit Audit Requirements: Does Your Organization Need One?
Does your nonprofit need an audit? Learn the federal Single Audit threshold, state rules, and funder triggers that determine nonprofit audit requirements.